World Bank2012-06-082012-06-082007-09https://hdl.handle.net/10986/7574In 2006 most of the people of Uganda, with the notable exception of those in the conflict-blighted Northern Region, enjoy a better quality of life and brighter opportunities in a stable and growing economy. Uganda's economy has bounced back beyond what could be regarded as recovery, with real incomes per person now exceeding the levels reached at Independence in 1962. The report structure is as follows: volume one synthesizes the conclusions from analysis in Volume two. In Chapter 1 of Volume two, emphasis is placed on understanding what drove past growth at macro and sector levels, and in particular, on how Uganda's firms and farms have evolved. Chapter 2 continues the retrospective of past growth in agriculture, the most important sector of the economy. The report provides a comprehensive review of growth trends in agriculture, using several data sources. The chapter provides fresh insights on recent trends in poverty and inequality. Chapter 3 presents growth diagnosis and it identifies short-term actions to remove emerging constraints to present and near-term future growth. Chapter 4 models alternative future growth paths and the impact o f alternative public investments on growth using a SAM-based CGE model. The analysis reveals there is little to be gained from 'robbing Peter to pay Paul' for example fixing infrastructure by reducing education financing. Chapters 6 and 7 return to the short-term priorities to remove binding constraints to growth, and put meat on the actions identified in Chapter 3 as being required in the financial sector (Chapter 6) and in infrastructure (Chapter 7). Finally, Chapter 8 ends by assessing the scope for an externally financed scale up of infrastructure.en-USCC BY 3.0 IGOADJUSTMENT POLICYAGGREGATE DEMANDAGGREGATE INCOMEAGGREGATE PRODUCTION FUNCTIONAGGREGATE SUPPLYAGRICULTURAL GROWTHAGRICULTURAL PERFORMANCEAGRICULTURAL PRODUCTIVITYAGRICULTUREANNUAL GROWTHAVERAGE GROWTHAVERAGE INCOMEAVERAGE LEVELBANK CREDITBANKING CRISISBANKING SERVICESBARRIERS TO GROWTHBENCHMARKBINDING CONSTRAINTBINDING CONSTRAINTSBLACK MARKETBLACK MARKET PREMIUMBUSINESS ENVIRONMENTCAPITA INCOME GROWTHCAPITAL ACCOUNTSCAPITAL ACCUMULATIONCAPITAL FLIGHTCAPITAL INTENSITYCAPITAL MARKETCAPITAL STOCKCIVIL WARCLOSED ECONOMYCOMMERCIAL BANKCOMMODITIESCOMMODITYCOMMODITY EXPORTCOMMODITY PRICESCOMPETITIVENESSCONSUMERSCONSUMPTION GROWTHCREDIT CONSTRAINTSCROSS COUNTRYCURRENCYDATA SETSDEBTDECREASING RETURNSDEMOGRAPHICDEPENDENT VARIABLEDEVALUATIONSDEVELOPING COUNTRIESDEVELOPING ECONOMIESDEVELOPMENT ASSISTANCEDISTRIBUTION OF INCOMEDIVERSIFICATIONDIVIDENDDOMESTIC PRICESDOMESTIC SAVINGSDYNAMIC ECONOMYECONOMETRIC ANALYSISECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC HISTORYECONOMIC PERFORMANCEECONOMIC REFORMECONOMIC REFORMSECONOMIC TRANSFORMATIONEDUCATIONAL ATTAINMENTEMPIRICAL WORKENGLE CURVEEXCHANGE RATEEXCHANGE RATE MOVEMENTEXCHANGE RATE REGIMEEXPORT DIVERSIFICATIONEXPORT MARKETEXPORT PROMOTIONEXPORTSEXTERNAL SHOCKSEXTERNALITIESFACTOR ACCUMULATIONFACTORS OF PRODUCTIONFERTILITY RATEFINANCIAL INTERMEDIATIONFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SYSTEMFIXED CAPITALFOOD PRICESFOREIGN EXCHANGEFOREIGN OWNERSHIPFUTURE GROWTHGDPGDP PER CAPITAGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROSS OUTPUTGROWTH ACCELERATIONSGROWTH ACCOUNTINGGROWTH DIAGNOSTICSGROWTH IMPACTGROWTH MODELSGROWTH OF LABORGROWTH PERFORMANCEGROWTH PROSPECTSGROWTH RATEGROWTH RATESHUMAN CAPITALHUMAN DEVELOPMENTINCOMEINCOMESINCREASE GROWTHINCREASE IN CAPITALINDUSTRIAL DEVELOPMENTINSURANCEINTEREST RATESINTERNATIONAL TRADEINVESTMENT CLIMATEINVESTOR CONFIDENCELABOR FORCELABOR FORCE GROWTHLAND USELEVEL OF OUTPUTLIBERALIZATIONLONG RUNLONG-RUN GROWTHLONG-TERM GROWTHLOW SHAREMACRO POLICIESMACRO STABILITYMACROECONOMIC MANAGEMENTMACROECONOMIC STABILITYMARKET ACCESSMARKET PRICEMARKET PRICESMARKET SHAREMEDIUM ENTERPRISEMULTIPLIER EFFECTSNATIONAL ACCOUNTSNATIONAL INCOMENATURAL RESOURCENEGATIVE IMPACTNEW PRODUCTNEW PRODUCTSNON-TRADITIONAL EXPORTSOUTPUT GROWTHPER CAPITA GROWTHPER CAPITA INCOMEPOLICY MAKERSPOLICY REFORMSPOLITICAL INSTABILITYPOOR PEOPLEPORTFOLIOPORTFOLIO FLOWSPOVERTY REDUCTIONPRICE DISTORTIONSPRICE RISKPRIMARY EDUCATIONPRIVATE INFRASTRUCTUREPRIVATE INVESTMENTPRIVATE INVESTMENTSPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPRO-POORPRO-POOR GROWTHPRODUCTION FUNCTIONPRODUCTIVE ASSETSPRODUCTIVITY GROWTHPROPERTY RIGHTSPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC INFRASTRUCTUREPUBLIC INVESTMENTPUBLIC POLICYPUBLIC SECTORPUBLIC SERVICEPUBLIC SPENDINGPURCHASING POWERRAPID GROWTHRATE OF GROWTHRATE OF RETURNREAL EXCHANGE RATEREAL GDPREFORM EFFORTSREFORM POLICIESREFORM PROGRAMREGIONAL TRADERELATIVE PRICESREMOTE AREASRESOURCE ALLOCATIONRETURNS TO SCALERISK SHARINGRURAL AREASRURAL GROWTHSECONDARY ENROLLMENTSECTORAL COMPOSITIONSHARE OF OUTPUTSOCIAL CAPITALSTATISTICAL ANALYSISSTRUCTURAL CHANGESUSTAINABLE GROWTHTAXTAX REVENUESTECHNICAL CHANGETECHNOLOGICAL CHANGETECHNOLOGY TRANSFERTELECOMMUNICATIONSTFPTOTAL EXPENDITURETOTAL FACTOR PRODUCTIVITYTRADE POLICYTRADE SHOCKSUNEMPLOYMENTURBAN AREASURBAN WORKERSVALUE ADDEDVOLATILITYWAGESWEALTHWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/7574