Research Article
The Impact of Infrastructure Spending in Sub-Saharan Africa: A CGE Modeling Approach
Table 9
Macroeconomic results for nonproductive investments, VAT funded (values in table are % variations of variables with respect to reference period).
| Variable | Definition | Nonproductive investment (VAT funded) | Benin | Mali | Senegal | Tanzania | Uganda | Cameroon |
| Ym | Aggregate household income | 0.09 | 0.06 | 0.29 | 0.02 | 0.02 | 0.25 | EV | Equivalent variation | 0.09 | 0.06 | 0.26 | 0.02 | 0.02 | 0.23 | s | Wage | 4.42 | 0.49 | 1.29 | 0.07 | 0.11 | 0.56 | yg | Government income | 14.70 | 3.19 | 5.90 | 5.44 | 3.14 | 6.36 | ye | Firms income | –0.71 | –0.18 | –0.45 | –0.08 | –0.13 | –0.64 | g | Total government expenditure | 11.96 | 1.73 | 5.38 | 3.52 | 2.49 | 7.27 | It | Total private investment | 0.04 | –0.17 | –0.45 | –0.13 | –0.16 | –0.86 | e | Nominal exchange rate | 1.69 | 0.03 | 0.07 | 0.02 | –0.12 | 0.35 | GDP | GDP | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
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