Using survey data covering 30 districts in Uganda, the paper examines the structure and functioning of the agricultural market in Uganda; the role of past reforms with regard to food security; the trend in food production and consumption; market linkages; seasonality as well as recurrent crisis (shocks) that have affected the market; among other issues. With regard to market integration the Johansen test was employed, based on a vector regressive (VAR) model. The bivariate cointegration test of prices between different markets was carried out with VAR = 2.

This paper describes how the public education expenditure management system works in Uganda. It specifically identifies the formal roles of institutions; the structure and flow of information generated by the public expenditure management system and applies them to the Education Sector in Uganda. It shows the procedures for each stage in the expenditure and budget process, and indicates how on-going reform processes are modifying the system. Efficient and effective public expenditure management is an essential precondition for government to be able to work towards achieving good education outcomes. The purpose of this chapter is to see whether the public expenditure management system itself could be improved to lead to  a better and more effective use of public resources on education.

This paper surveys evidence of the impact of macroeconomic and financial sector policy announcements in the euro area during the recent crisis on interbank credit and liquidity risk premia. Evidence suggests that interest rates cuts, fiscal stimulus and recapitalization measureswere effective in calming the distressed financial markets as measured by reduction of the Libor–OIS spread. However, decisions not to reduce interest rates as well as ad hoc bank bailouts widened the Libor–OIS spread thus increased stress in the financial markets. Liquidity support announcements were initially effective, as measured by the reduction in the Libor-OIS spread, but lost significance as the crisis worsened.Both announcements of capital injections and guarantees on bank liabilities were effective in reducing credit risk in the euro area.The results of the event study further illustrate that the short-term impact of interventions depended on the particular circumstances that prevailed during each phase of the crisis.

This paper provides evidence of Uganda’s emerging middle class and its potential economic opportunities. Using various sources of information, including key informant interviews, national household surveys data, and case studies, the paper establishes that although Uganda’s emerging middle class is less than two decades old and is, still in many ways inchoate, the importance of the middle class comes from the fact that it is growing at a faster pace than the overall population. The growth in middle class both in terms of size and its purchasing power over the past ten years has been the outcomes of population and economic growth, tertiary education expansion, advancement in information and communication technology, and innovation in financial services.

This paper analyses the relationship between innovation and employment at firm level using the Uganda 2011–2014 national innovation survey dataset. It follows Harrison et al (2014) structured approach—relating employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products—and shows positive effects of product innovation on employment at firm level, while process innovation has no discernable impact on employment. Although there is evidence to suggest displacement of labour in some cases where firms only introduce new process, this effect is compensated by growth in employment from new products. Results further suggest that source of innovation as well as size of innovating firms or end users of innovation matter for job growth. Innovation that develops from within the firm itself (user) and involving larger firms has greater impact on employment than innovation developed from outside or coming from within smaller firms. In addition, innovative firms are one and half times more likely to survive in the innovation driven economy (environment) than those that do not innovate. Therefore, supporting policies need to be correctly tailored since the impacts depend on the innovation strategy (type) and characteristics (e.g. size) and sector of the innovative firms. Policies to spur investment, particularly in innovative sectors and firms with high growth potential would have long lasting effects on job creation.