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| Title: | Macroeconomic and welfare consequences of high energy prices |
| Authors: | Twimukye, Evarist
Matovu, John Mary |
| Authors (Email): | Twimukye, Evarist (evarist@eprc.or.ug)
Matovu, John (jmatovu@yahoo.co) |
| Keywords: | Oil
Energy
Hydro-electricity
Public investment
Twimukye
Matovu
EPRC |
| Issue Date: | 2009 |
| Series/Report no.: | Research Series
62 |
| Abstract: | The current wave of volatile international oil process coupled with the low hydro-energy generation continues to exert negative impacts on the Ugandan economy. This paper analyzes the extent to which changes in energy prices affect the economy and examines policy options that can be udertaken to curculate the negative effetcs. The imapct of higher oil prices takes a large toll on all sectors including agriculture, manufacturing and services. with the existing loses in productivity of generating hydro electricity, this has exacerbated the energy crisis. The combined output loss for the manufacturing sector due to increase in fuel prices and a shortage of electricity is estimated at 2 percent on annual basis. While the government has title control on the international prices of oil, further private and public investments in the energy sector are called for to alleviate the shortages of energy. |
| URI: | http://purl.umn.edu/54803 |
| Institution/Association: | Economic Policy Research Centre (EPRC)>Research Series |
| Total Pages: | 47 |
| Collections: | Research Series
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Size | Format |
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| series62.pdf | Main paper | 301Kb | PDF | View/Open |
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