Skip to main content

Advertisement

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

Journal of Economic Structures Cover Image

Table 8 Impacts on macroeconomic variables

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

  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
  1. Source: DRC CGE model