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

Table 12

Macroeconomic results for road investments, funded by foreign aid (values in table are % variations of variables with respect to reference period).

Variables	Definition	Road (foreign aid funded)
		Benin	Mali	Senegal	Tanzania	Uganda	Cameroon
Ym	Aggregate household income	0.74	0.87	1.01	0.55	0.21	1.07
EV	Equivalent variation	0.75	0.89	1.00	0.55	0.25	1.12
s	Wage	4.88	1.77	2.00	0.82	0.42	1.84
yg	Government income	13.53	2.93	5.43	5.00	2.89	5.85
ye	Firms income	–0.12	0.51	0.69	0.80	–0.05	–0.62
g	Total government expenditure	10.05	1.46	4.52	2.96	2.09	6.11
It	Total private investment	0.17	0.71	0.04	1.31	–3.45	–0.27
e	Nominal exchange rate	–4.85	–2.25	–4.24	–1.61	–11.68	–6.31
GDP	GDP	0.69	0.84	1.03	0.81	0.21	0.70