02083cas a2200241 a 4500 AALejournalIMF023077 230101c9999 xx r poo 0 0eng d 20.00 USD 9781451870305 1018-5941 BD-DhAAL BD-DhAAL Qureshi, Mahvash. Africa's Oil Abundance and External Competitiveness : Do Institutions Matter? / Mahvash Qureshi. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the structural competitiveness of oil-rich economies in sub-Saharan Africa relative to other major oil-exporting developing countries, and investigates reasons for systematic differences in the non-oil export performance across these economies. The analysis reveals that oil-rich Africa lags behind other oil-exporters in terms of diversification, global market share and the overall investment climate. The poor performance of their nonoil sector can be largely attributed to weak infrastructure and institutional quality. The results also show that institutional quality is a significant determinant of the extent to which oil abundance affects the competitiveness of the non-oil sector; thereby explaining the divergent experiences of oil-rich economies across the world. This implies that oil wealth does not necessarily weaken the non-oil tradable sector; countries may mitigate the impact of Dutch disease and benefit from oil booms if revenues are used prudently to reduce oil dependence. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/172 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2008&issue=172 IMF e-Library