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Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of … these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other … broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for …
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We set out a model of a two-good, small open economy exporting a traditional exportable in order to finance capital goods rental payments. We observe that the traditional export sector declines with an exogenous increase in the country's oil export earnings, while the local goods sector expands....
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We set out a model of a small open economy exporting oil and a traditional exportable in return for produced capital. The small open economy also has local production of a non-traded good. We first observe that the size of the traditional export sector declines with an exogenous increase in the...
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