The Impact of Infrastructure Spending in Sub-Saharan Africa: A CGE Modeling Approach

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