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Mozambique—bust before boom: Reflections on investment surges and new gas

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  • Alan R. Roe

Abstract

This paper is a sequel to an earlier paper that looked in broad terms at many of the issues that Mozambique faces today in managing its new extractive resources. The paper first describes the investment surge that has already been prompted by new gas discoveries in Mozambique. It then summarizes some of the more recent literature that has examined the effects of such surges in other country contexts.

Suggested Citation

  • Alan R. Roe, 2018. "Mozambique—bust before boom: Reflections on investment surges and new gas," WIDER Working Paper Series wp-2018-140, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2018-140
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    References listed on IDEAS

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    1. Rabah Arezki & Valerie A. Ramey & Liugang Sheng, 2017. "News Shocks in Open Economies: Evidence from Giant Oil Discoveries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(1), pages 103-155.
    2. Alan R. Roe & Samantha Dodd, 2017. "Dependence on extractive industries in lower-income countries: The statistical tendencies," WIDER Working Paper Series 098, World Institute for Development Economic Research (UNU-WIDER).
    3. Evelyn Dietsche & Ana Maria Esteves, 2018. "What are the prospects for Mozambique to diversify its economy on the back of 'local content'?," WIDER Working Paper Series wp-2018-113, World Institute for Development Economic Research (UNU-WIDER).
    4. Mahamudu Bawumia & Håvard Halland, 2017. "Oil discovery and macroeconomic management: The recent Ghanaian experience," WIDER Working Paper Series 185, World Institute for Development Economic Research (UNU-WIDER).
    5. Robert J. Barro & Xavier Sala-I-Martin, 1992. "Public Finance in Models of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
    6. Agénor, Pierre-Richard, 2010. "A theory of infrastructure-led development," Journal of Economic Dynamics and Control, Elsevier, vol. 34(5), pages 932-950, May.
    7. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    8. Frederick van der Ploeg & Anthony J. Venables, 2017. "Extractive revenues and government spending: Short- versus long-term considerations," WIDER Working Paper Series wp-2017-45, World Institute for Development Economic Research (UNU-WIDER).
    9. Glada Lahn & Paul Stevens, 2017. "The curse of the one-size-fits-all fix: Re-evaluating what we know about extractives and economic development," WIDER Working Paper Series wp-2017-21, World Institute for Development Economic Research (UNU-WIDER).
    10. Antonio S. Cruz & Fausto J. Mafambissa, 2016. "Industries without smokestacks: Mozambique country case study," WIDER Working Paper Series 158, World Institute for Development Economic Research (UNU-WIDER).
    11. Alan R. Roe & Samantha Dodd, 2017. "Dependence on extractive industries in lower-income countries: The statistical tendencies," WIDER Working Paper Series wp-2017-98, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Tony Addison & Alan R. Roe, 2024. "Extractive industries: transforming states and improving economic management," WIDER Working Paper Series wp-2024-33, World Institute for Development Economic Research (UNU-WIDER).
    2. António S. Cruz & Ines A. Ferreira & Johnny Flentø & Finn Tarp & Mariam Umarji, 2021. "The saga and limits of public financial management: The Mozambican case," WIDER Working Paper Series wp-2021-136, World Institute for Development Economic Research (UNU-WIDER).
    3. Jose Jaime Macuane & Carlos Muianga, 2020. "Natural resources, institutions, and economic transformation in Mozambique," WIDER Working Paper Series wp-2020-136, World Institute for Development Economic Research (UNU-WIDER).
    4. Silvana Mondlane & Dirk van Seventer, 2019. "Evaluating foreign direct investment in Mozambique's natural gas industry: An economy-wide perspective," WIDER Working Paper Series wp-2019-103, World Institute for Development Economic Research (UNU-WIDER).
    5. Arena, Marika & Azzone, Giovanni & Dell’Agostino, Laura & Scotti, Francesco, 2022. "Precision policies and local content targets in resource-rich developing countries: The case of the oil and gas sector in Mozambique," Resources Policy, Elsevier, vol. 76(C).

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