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

Table 17

Macro results of electricity investments, funded by income tax (values in table are % variations of variables with respect to reference period).

Variables	Definition	Electricity (income tax funded)
		Benin	Mali	Senegal	Tanzania	Uganda	Cameroon
Ym	Aggregate household income	0.70	0.61	0.90	0.50	0.16	0.99
EV	Equivalent variation	0.64	0.59	0.84	0.49	0.16	0.90
S	Wage	4.52	0.99	2.00	0.77	0.28	1.59
Yg	Government income	13.97	3.03	5.61	5.17	2.98	6.04
Ye	Firms income	–0.10	0.50	0.41	0.65	0.06	–0.11
G	Total government expenditure	10.77	1.56	4.84	3.17	2.24	6.54
It	Total private investment	0.42	0.67	0.23	1.40	–0.45	0.40
E	Nominal exchange rate	–1.13	0.06	–1.09	–0.34	–1.96	0.80
GDP	GDP	0.67	0.63	0.83	0.72	0.18	0.80