Economic diversification as a solution to overcome the economic and financial crisis in Angola.

Abstract

This paper analyzes the diversification of the Angolan economy as the solution to the economic and financial crisis that plagues the country with the greatest intensity as of the second half of 2014 and takes stock of the evolution of the Angolan economy during the period (2002- 2016). In this sense, it made a diagnosis of the main imbalances that this economy registered during the period under analysis and found that the most difficult moments of the Angolan economy coincide with the periods of adverse conjuncture provoked by the sharp drop in the price of oil in the international markets. To support this observation, in addition to the analysis of the evolution of the main macroeconomic indicators during the period under analysis, through tables and graphs, clearly showing that many of these imbalances were caused by the long years of civil war and inadequate implementation of some measures of economic policy. We also used several statistical techniques, with emphasis on the multiple regression model, which allowed us to gauge the degree of correlation between the variables analyzed