Research Article
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 |
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