Managing Future Oil Revenues in Uganda for Agricultural Development
On 25 November in Kampala, the IFPRI-Kampala office hosted a workshop at which were presented the preliminary results from a research project entitled Managing future oil revenues in Uganda for agricultural development. Through the use of a Computable General Equilibrium (CGE) model of the Ugandan economy with several possible future oil production scenarios, this research seeks to estimate the likely impact of oil production, refining, and exportation on the performance of the various sectors of the Ugandan economy, with particular attention to agriculture and its sub-sectors. This research project is being conducted by a team of researchers from the Economic Policy Research Centre in Kampala, the Kiel Institute for the World Economy in Germany, and IFPRI, under the leadership of Dr. Manfred Wiebelt of the Kiel Institute.
Four presentations were made at the workshop on the following topics, please click the titles to view the presentations:
1. The impact of oil on small countries – Introduction - John-Mary Matovu, Economic Policy Research Centre
2. Economy‐wide impact of oil discovery in Uganda – Background for the modeling - Evarist Twimukye, Economic Policy Research Centre
3. The impact of oil in Uganda - Insights from CGE simulations – Manfred Wiebelt, Kiel Institute for the World Economy
4. Sensitivity of model results and ongoing research – Karl Pauw, International Food Policy Research Institute – Lilongwe office
Two peer-reviewed papers will be produced from this research. The first, which should be available in mid-January, is tentatively entitled "Macroeconomic impacts of oil exploration, production, and exports in Uganda, with a focus on agriculture." The second is entitled “A disaggregated sub-sectoral assessment of the economic impact of oil production on Ugandan agriculture”, and should be available one month later.
