摘要：The objective of the paper is to test the effectiveness of selected macroecomic policy variables on key macroeconomic targets in Uganda (1970-96) motivated by the desire to find out whether the policy moves taken at the time were appropriate. The period includes the major political regimes of Amin (1971-1979), Obote II (1980-1985), and Museveni I (1986-1995). Though they are different political regimes, the period is taken as one (1970-1996) in the analysis. A small macroeconomic model of Uganda was used for testing using annual data series and a system estimation procedure. The model overall structure consists of five behavioural equations with six endogenous and nine exogenous variables. The main finding show that government expenditure increased expenditure on investment leading to a conclusion or policy implication that government expenditure is critical in promoting investment in Uganda.
关键词：Macroeconomic Model; Macroeconomic Targets; System Estimation; Policy Instruments; Uganda
