Impact of oil revenue on poverty reduction and local development in Chad: Comparative analysis of the pre and post oil era development policies.
Loum Mouldessou, Laina Eric
Loum Mouldessou, Laina Eric
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Abstract
The research analyses and reviews the existing literature on the impact of oil revenues on development policies in Chad. It focuses on a comparative analysis of policies designed before and after the 2003 oil era such as the National Poverty Reduction Strategies, namely theStrategieNationale pour la Reduction de la Pauvrete 1 and Strategie Nationale pour la Reduction de la Pauvrete 2. The study then draws lessons from the experiences of other countries that have succeeded in promoting oil-led development, in order to propose recommendations for a new oil-exporting country like Chad. Issues of oil revenues management have been the subject of academic debate in the fields of economics and development;for example,discussions about the ‘Dutch disease’ that affects economies based on resource extraction by rendering most other exports non-competitive and pushing up the real exchange rate of the country’s currency. Chad is one of the newest countries to have an oil-based economy. Therefore, it is relevant to understand the economic and social effects of almost a decade of oil production; whilst learning from the experience of other countries. The expected contribution of the study is to provide experience-based recommendations for a new resource-based economy such as Chad, to better streamline its local development policies to address poverty reduction. The study is conducted through a range of analytical methods. The first part of the study reviews the existing academic literature regarding oil revenues, and their connection with local economic development. The second part examinespolicy development in Chad, prior to and after the oil era (commencing in 2003). These policies are analysedby means of the discourse analysis methodology. The second part of the study reviews the literature on oil revenues management to identify best practices and models.
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Submitted in partial fulfilment of the requirements for the degree, Magister Technologiae: Comparative Local Development in the Department of Economics, Faculty of Economics and Finance, Tshwane University of Technology
Date
2015-07-08
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Tshwane University of Technology
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Keywords
Oil revenue, Poverty reduction, Local development, Chad, Pre-post oil, Development policies