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Angola's Incomplete Transition

Author

Listed:
  • Renato Aguilar

Abstract

Angola's difficulties in achieving macro-economic stability and economic liberalization have serious implications for private-sector development. Hyperinflation, and frequent policy reversal, constrain and distort investment in both the informal and formal parts of the private sector. But macro-economic instability arises in part out of mechanisms that subsidize powerful oligopolies, enabling them to capture a portion of the large oil rents.

Suggested Citation

  • Renato Aguilar, 2001. "Angola's Incomplete Transition," WIDER Working Paper Series DP2001-47, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-47
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-47.pdf
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