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Africa > Uganda

You are looking at 1 - 10 of 10 items for :

  • Type: Journal Issue x
  • Empirical Studies of Trade x
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Cover IMF Working Papers
Search Externalities in Firm-to-Firm Trade
I develop a model of firm-to-firm search and matching to show that the impact of falling trade costs on firm sourcing decisions and consumer welfare depends on the relative size of search externalities in domestic and international markets. These externalities can be positive if firms share information about potential matches, or negative if the market is congested. Using unique firm-to-firm transaction-level data from Uganda, I document empirical evidence consistent with positive externalities in international markets and negative externalities in domestic markets. I then build a dynamic quantitative version of the model and show that, in Uganda, a 25% reduction in trade costs led to a 3.7% increase in consumer welfare, 12% of which was due to search externalities.
Keywords:
Firm-to-Firm Trade; VAT Data; Search-and-Matching; Importing; transport cost reduction; buyer-supplier search; search externality; welfare gains from trade; consumer welfare; Imports; Labor market frictions; Search models; Value-added tax; East Africa; Global
Cover Departmental Papers
A Rebalancing Act for China and Africa: The Effects of China’s Rebalancing on Sub-Saharan Africa’s Trade and Growth
Mr. Roger Nord
and
Ms. Wenjie Chen
How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.
Keywords:
DPPP; DP; center; China; commodity; Sub-Saharan Africa; commodity exporter; China's growth; frontier economy; investment-driven commodities exporter; growth experience; FDI flow; sub-Saharan Africa result; idiosyncratic shock; Bloomberg L.P.; commodity price system; Customs dataset; countries in sub-Saharan Africa; Exports; Commodity prices; Foreign direct investment; Direction of trade; Africa; Global
Cover Departmental Papers
A Work in Progress: Integrating Markets for Goods, Labor, and Capital in the East African Community
Mr. Emre Alper
,
Ms. Wenjie Chen
,
Mr. Jemma Dridi
,
Mr. Herve Joly
, and
Mr. Fan Yang
This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the major regional integration policy milestones.
Keywords:
DPPP; DP; EAC country; country; Uganda; Kenya; Rwanda; EAC Cm scorecard; partner state; EAC citizen; EAC member states; excl. EAC; EAC secretariat; Imports; Migration; Direction of trade; Tariffs; Capital controls; Sub-Saharan Africa; Africa; North America
Cover IMF Research Bulletin
Research Bulletin, June 2014
International Monetary Fund. Research Dept.
Articles in the June 2014 issue of the IMF Research Bulletin look at “The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics” (Joong Shik Kang and Jay C. Shambaugh) and “The Two Sides of the Same Coin?: Rebalancing and Inclusive Growth in China” (Il Houng Lee, Murtaza Syed, and Xin Wang). The Q&A looks at “Seven Questions on the Monetary Transmission Mechanism in Low-Income Countries” (Andrew Berg, Luisa Charry, Rafael A. Portillo, and Jan Vleck). This issue of the Research Bulletin includes updated listings of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Readers can also find information on free access to a featured article from “IMF Economic Review.”
Keywords:
IRB; IMF research bulletin; bulletin; journal website; policy relevance; author guideline; debt challenge; sample content; Current account deficits; Trade balance; Income inequality; Current account; Personal income; Global; Caribbean; Baltics; Sub-Saharan Africa
Cover Departmental Papers
Tanzania: The Story of an African Transition
Mr. Roger Nord
,
Mr. Yuri V Sobolev
,
Mr. David G. Dunn
,
Alejandro Hajdenberg
,
Mr. Niko A Hobdari
,
Samar Maziad
, and
Stéphane Roudet
This volume documents Tanzania’s remarkable turnaround from severe economic distress in 1985, and reviews the economic policies that twenty years later contributed to a successful reversal. Tanzania still faces many policy and reform challenges, despite the many recent economic achievements the country has experienced.
Keywords:
DPPP; DP; government; exchange rate; local government; enterprise; production function; trade diversion; monetary policy; private sector; foreign exchange; economic growth; Trade balance; Sub-Saharan Africa; Africa; Global; Southern Africa
Cover Regional Economic Outlook, October 2008, Sub-Saharan Africa
Regional Economic Outlook, October 2008, Sub-Saharan Africa
International Monetary Fund. African Dept.

Abstract

Sub-Saharan Africa's prospects have deteriorated somewhat and the risks have increased, according to this report. Growth in the region is projected to dip to 6 percent in 2008 and 2009. The fall is due mainly to the global food and fuel price shock, which has weighed particularly on growth in oil-importing countries, and to the global financial market turmoil, which has slowed global growth and demand for Africa's exports. Inflation is expected to rise to 12 percent in 2008, mainly on account of the food and fuel price shock. As a result of rising prices, particularly of food, poverty may well be on the increase in 2008. In 2009, inflation should ease to 10 percent, helped by recent commodity price declines. There are significant risks to the outlook related to a potentially deeper and longer period of global financial turmoil and resulting slowdown in global activity, and substantial uncertainty concerning commodity prices.

Keywords:
REO; oil-exporting country; fuel price; oil-importing country; middle-income country; broad money; WEO database; oil importer; oil exporter; price shock; Dem. rep.; trade balance; growth episode; Exchange rate arrangements; Inflation; Conventional peg; Floating exchange rates; Oil; Sub-Saharan Africa; Africa; Global; East Africa; Southern Africa; food price inflation; inflation pressure; Food prices; Income; Terms of trade
Cover Regional Economic Outlook, October 2007, Sub-Saharan African
Regional Economic Outlook, October 2007, Sub-Saharan African
International Monetary Fund. African Dept.

Abstract

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This would extend a period of very good performance. In recent years, sub-Saharan Africa has been experiencing its strongest growth and lowest inflation in over 30 years.

Keywords:
REO; Dem. rep.; oil exporter; current account; development expenditure; nonfuel commodity price; terms of trade shock; expenditure program; Fiscal space; Terms of trade; Oil; Medium-term budget frameworks; Sub-Saharan Africa; Africa; Global; West Africa
Cover IMF Working Papers
Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries
Mr. Mark W Lewis
,
Ms. Aurelie Martin
, and
Gabriel Di Bella
Assessing a country's competitiveness routinely starts with an analysis of the real exchange rate. However, in low-income countries, empirical analysis of the real exchange rate is often subject to important limitations that seriously weaken the results. This paper summarizes the methodologies used to assess real exchange rate misalignments and discusses the range of obstacles common to low-income countries. Recognizing the importance of using a wide range of indicators for assessing competitiveness in low-income countries, the paper discusses alternative competitive measures and then proposes a template of indicators to allow for a systematic assessment of competitiveness in low-income countries. The template is then used to rank countries according to their competitiveness performance in 2006.
Keywords:
WP; cost; CPI; exchange rate; competitiveness; competitiveness assessment; Equilibrium Exchange Rates; Low-Income Countries; RER chg; RER misalignment; equilibrium RERS; RER depreciation; RER indicator; RER equilibrium; RER assessment; RER adjustment; RER appreciation; Competition; Real exchange rates; Exports; Exchange rates; Terms of trade; Global
Cover IMF Staff Country Reports
Uganda: Background Paper
International Monetary Fund
This Background Paper presents a long-term perspective on investment and output performance in Uganda, beginning after the country gained independence in the early 1960s. Against the background of long-term trends in savings, investment, and output, the paper describes the initial conditions that led to the adoption of adjustment policies. The macroeconomic policy mix, together with important structural policies, is analyzed and the outcomes are assessed for 1987–94, during which Uganda pursued an ongoing adjustment program supported by successive arrangements with the IMF under the structural adjustment facility and the enhanced structural adjustment facility.
Keywords:
ISCR; CR; Uganda; GDP ratio; ratio; fiscal policy; primary sector; growth performance; adjustment effort; structural adjustment; growth process; Uganda shilling; reform agenda; growth potential; physical capital; Domestic savings; Exports; Terms of trade; Consumption; Sub-Saharan Africa
Cover Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Ms. Sena Eken
,
Mr. John F. Laker
, and
Mr. Shailendra J. Anjaria

Abstract

In late 1979, the African Center for Monetary Studies requested, on behalf of the Association of African Central Banks (AACB), that the Fund staff prepare a study describing the existing payments, exchange control, and exchange rate arrangements in the proposed 17-nation Preferential Trade Area (PTA) of Eastern and Southern African States, analyzing any payments obstacles to trade in the region, and recommending improvements in payments arrangements that would promote intraregional trade.

Keywords:
OP; trade; Kenya; PTA arrangement; fund staff visit; EAC trade; fund staff; trade expansion; payments arrangement; Currencies; Exports; Imports; Currency convertibility; Credit; Africa; Southern Africa