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