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Sectoral and welfare effects of the global economic crisis on Uganda: a recursive dynamic CGE analysis 31
Twimukye, Evarist P.; Matovu, John Mary; Levine, Sebastian; Birungi, Patrick.
This paper analyses the impact of the global economic and financial crisis on Uganda notably on macro-economic aggregates, sectoral output and household welfare, and the potential role of fiscal policy and reform in mitigating the impacts. We find that second round effects from a reduction in financial inflows such as remittances, foreign direct investments and overseas development assistance, as well as reduction in international demand from cash crops such as cotton, tea and coffee, could lead to a reduction in economic growth by 0.6 percentage points on average annually over the period 2008- 2010 compared to a baseline reflecting pre-crisis conditions. A surge in regional exports and early counter-cyclical policies in particular are found to dampen the...
Tipo: Report Palavras-chave: Sub-Saharan Africa; Uganda; Global economic and financial crisis; Computable general equilibrium (CGE); Consumer/Household Economics; Financial Economics; Industrial Organization; International Development; Production Economics; Public Economics; C68; D58; E62; F15; H62; I32.
Ano: 2010 URL:
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