Agricultural Modernization, Structural Change and Pro-poor Growth: Policy Options for the Democratic Republic of Congo

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 8 Impacts on macroeconomic variables

	Scenario 1	Scenario 2	Scenario 3	Scenario 4	Scenario 5
	Capital-using technical change	Labor-using technical change	Improved agricultural resource base	Reduced chemicals sourcing costs	Reduced chemicals distribution costs
GDP	1.83	2.19	1.00	0.46	0.35
Absorption	1.80	2.15	0.98	0.45	0.34
Private consumption	2.04	2.44	0.98	0.44	0.32
Government consumption	0.58	0.69	1.07	0.32	0.49
Total investment	0.59	0.69	1.00	0.52	0.40
Savings
Enterprises	2.01	1.23	2.25	0.55	0.59
Households	0.42	2.32	3.71	0.37	0.97
Government	1.99	1.97	−1.07	−0.30	−0.29
Foreign sector	1.48	1.75	−0.18	−0.84	−0.37
Total	1.56	1.84	1.22	0.12	0.31
Marginal propensity to save
Enterprises	−0.17	0.07	0.36	0.04	0.10
Households	−1.08	0.45	2.36	0.24	0.64
Exports	0.50	0.59	−0.34	0.92	0.25
Imports	0.46	0.55	−0.32	0.85	0.23
Exchange rate	1.48	1.75	−0.18	−0.84	−0.37
Consumer price index	0.28	0.32	0.18	−0.52	−0.05