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Africa > Uganda

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
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Cover IMF Working Papers
The Role of Productivity, Transportation Costs, and Barriers to Intersectoral Mobility in Structural Transformation
Cem Karayalcin
and
Mihaela Pintea
The process of economic development is characterized by substantial reallocations of resources across sectors. In this paper, we construct a multi-sector model in which there are barriers to the movement of labor from low-productivity traditional agriculture to modern sectors. With the barrier in place, we show that improvements in productivity in modern sectors (including agriculture) or reductions in transportation costs may lead to a rise in agricultural employment and through terms-oftrade effects may harm subsistence farmers if the traditional subsistence sector is larger than a critical level. This suggests that policy advice based on the earlier literature needs to be revised. Reducing barriers to mobility (through reductions in the cost of skill acquisition and institutional changes) and improving the productivity of subsistence farmers needs to precede policies designed to increase the productivity of modern sectors or decrease transportation costs.
Keywords:
WP; subsistence farming; terms of trade; Structural transformation; Subsistence agriculture; multi-sector models; Economic development; Transportation costs; transportation cost; agriculture sector; productivity improvement; modern agriculture; productivity difference; excess demand; improvement result; Agricultural sector; Productivity; Transportation; Manufacturing; Sub-Saharan Africa
Cover IMF Staff Country Reports
Uganda: Poverty Reduction Strategy Paper
International Monetary Fund
Uganda’s National Development Plan (NDP) stipulates medium-term strategic direction, development priorities, and implementation strategies. It also details Uganda’s current development status, challenges, and opportunities. The contribution of this NDP to the socioeconomic transformation will be demonstrated by improved employment levels, higher per capita income, improved labor force distribution in line with sectoral GDP shares, substantially improved human development and gender equality indicators, and the country’s competitiveness position, among others. The impressive GDP growth performance has contributed to a significant reduction in poverty levels.
Keywords:
ISCR; CR; Intervention description; private sector; local government; natural resources; foreign policy; information system; physical education; quality assurance; per capita income; air transport; policy management; quality of service; life skills; Global; East Africa; Africa; Middle East; Sub-Saharan Africa
Cover IMF Staff Country Reports
Mauritius: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper and Statistical Appendix analyzes the labor market of Mauritius. It highlights that the high level of youth unemployment in Mauritius points to deficiencies in education and training. There are also significant rigidities in the functioning of the labor market that aggravate the problem. In particular, the Mauritian labor market is highly regulated and the relevant institutions operate according to a legalistic approach in which economic criteria play a relatively minor role.
Keywords:
ISCR; CR; rate of return; money demand; firm; Mauritian rupee; net acquisition; yield; opening balance; time deposit; cash inflow; opportunity cost; Currencies; Agricultural commodities; Demand for money; Treasury bills and bonds; Caribbean
Cover IMF Staff Country Reports
Rwanda: Recent Economic Developments
International Monetary Fund
The government of Rwanda has recognized that economic development in most areas would have to be the responsibility of the private sector (particularly since military and civil service employment would be reduced), but that the public sector could still have a role in promoting economic equality by providing a social safety net, most importantly with a solvent social security system. Before the conflict in 1994, the private sector has accounted for only about 50 percent of employment in the formal sector, excluding the civil service.
Keywords:
ISCR; CR; U.S. dollar; gross domestic product; sales tax; price index; private sector; tax revenue; economic planning; excess reserves; broad money; tertiary sector; income tax; money market; foreign exchange; Agricultural commodities; Tariffs; Civil service; Exports; Commercial banks; Sub-Saharan Africa; Africa
Cover Integration and Growth in a Globalized World Economy
Integration and Growth in a Globalized World Economy
International Monetary Fund

Abstract

This paper presents four commentaries by an IMF Deputy Managing Director on integration and growth in a globalized world economy. Globalized and integrated financial markets are the norm, complete with their tremendous opportunities—the chance to quicken the pace of investment, job creation, and growth—and, some inevitable risks. The paper also highlights that sound macroeconomic policies must be a top priority, and that these policies must be supported by transparency and accountability. Policies at the country and global level must be mutually reinforcing; industrial countries meeting the more outward-oriented policies of developing countries with greater openness around the world. It is recommended that the IMF agenda must include adopting bold structural reforms and building a social consensus for reform through economic security, good governance, and a better dialogue with civil society in Africa. In the Berlin address, it is suggested that development rests on three pillars: good economic policy, a favorable legal and political environment, and attention to equitable social development.

Keywords:
MTU; country; economy; CFA zone country; government; policy; government policy; economic policy coordination; integration effort; reform effort; Regional integration; Trade liberalization; Tariffs; Civil service; Africa; Sub-Saharan Africa; Global
Cover IMF Working Papers
Inflation, Disinflation, and Growth
Mr. Atish R. Ghosh
and
Mr. Steven T Phillips
Although few would doubt that very high inflation is bad for growth, there is much less agreement about moderate inflation’s effects. Using panel regressions and a nonlinear specification, this paper finds a statistically and economically significant negative relationship between inflation and growth. This relationship holds at all but the lowest inflation rates and is robust across various samples and specifications. The method of binary recursive trees identifies inflation as one the most important statistical determinants of growth. Finally, while there are short-run growth costs of disinflation, these are only relevant for the most severe disinflations, or when the initial inflation rate is well within the single-digit range.
Keywords:
WP; rate of inflation; GDP growth; exchange rate; terms of trade; inflation; growth determinants; growth regressions; robustness; inflation-growth relationship; inflation coefficient; inflation-growth association; Disinflation; Human capital; Agroindustries; Public expenditure review; Global