Table 13: Macro results of road investments, funded by reduction of public expenditure (values in table are % variations of variables with respect to reference period).

Variable Definition Road (funded by reduction of other public expenditure) Benin Mali Senegal Tanzania Uganda Cameroon Ym Aggregate household income 0.60 0.76 0.51 0.45 0.16 0.38 EV Equivalent variation 0.61 0.76 0.50 0.45 0.16 0.38 s Wage –3.22 0.76 –0.28 0.57 0.14 0.31 yg Government income 1.77 0.61 0.84 0.87 0.21 0.69 ye Firms income 1.20 0.87 1.50 1.13 0.29 1.16 g Total government expenditure –9.08 –1.07 –3.85 –2.39 –2.15 –11.79 It Total private investment 0.79 1.08 1.43 2.51 0.44 2.02 e Nominal exchange rate 1.10 –0.61 –0.46 0.57 0.23 –0.27 GDP GDP 0.69 0.84 1.03 0.81 0.21 0.70