caa a22 4500 445859229 CHVBK 20180317145437.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10290-011-0101-2 doi (NATIONALLICENCE)springer-10.1007/s10290-011-0101-2 Oil revenues for public investment in Africa: targeting urban or rural areas? [Elektronische Daten] [Manfred Wiebelt, Rainer Schweickert, Clemens Breisinger, Marcus Böhme] This paper investigates the effects of oil-financed public investment on economic growth and poverty reduction using a dynamic multi-sectoral general equilibrium model featuring inter-temporal productivity spillovers. The paper shows that the relationship between resource-rent flows and real exchange rates, output growth, and poverty is less straightforward than simple models of the "resource curse” suggest. Taking Ghana as a stylized agriculture-based economy with poverty most pronounced in a region with home based agricultural production, a policy mix of smoothing the real exchange rate shock and an allocation of infrastructure spending in rural areas seems to be the most promising public investment strategy to enhance growth and reduce poverty. Kiel Institute, 2011 Oil revenue nationallicence Public investment nationallicence Productivity nationallicence Africa nationallicence Agricultural development nationallicence Poverty nationallicence Wiebelt Manfred Kiel Institute for the World Economy, Kiel, Germany aut Schweickert Rainer Kiel Institute for the World Economy, Kiel, Germany aut Breisinger Clemens International Food Policy Research Institute (IFPRI), 2033 K Street, NW, 20006, Washington, DC, USA aut Böhme Marcus Kiel Institute for the World Economy, Kiel, Germany aut Review of World Economics Springer-Verlag 147/4(2011-11-01), 745-770 1610-2878 147:4<745 2011 147 10290 https://doi.org/10.1007/s10290-011-0101-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-011-0101-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Wiebelt Manfred Kiel Institute for the World Economy, Kiel, Germany aut NATIONALLICENCE 700 1- Schweickert Rainer Kiel Institute for the World Economy, Kiel, Germany aut NATIONALLICENCE 700 1- Breisinger Clemens International Food Policy Research Institute (IFPRI), 2033 K Street, NW, 20006, Washington, DC, USA aut NATIONALLICENCE 700 1- Böhme Marcus Kiel Institute for the World Economy, Kiel, Germany aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/4(2011-11-01), 745-770 1610-2878 147:4<745 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer