There are structural bottlenecks that may prevent absorption and efficient use of additional health funding, particularly in the short-term, so that the full benefits from expanding the health sector predicted by the model are not realised. For instance, factor demand by an expanding health sector may not be met in the short-term because it takes time to train healthcare workers and to construct and equip health facilities. However, the mid- to long-term as assumed in this model offers flexibility in availability of healthcare labour.
Moreover, shortage of healthcare labour could be overcome by a deliberate government policy to attract foreign healthcare workers. Evaluation of the economy-wide impact of importing healthcare labour is a topic for future study. In addition, the factor market closure assumed full employment of factors, which is plausible for skilled labour, but may not be the case for all factors. Underemployment of unskilled labour and land is possible which means results could be different from those predicted here. Oxford University Press is a department of the University of Oxford.
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Close mobile search navigation Article Navigation. Volume Article Contents. Results and discussion. Conclusions and policy implications. The welfare implications of public healthcare financing: a macro—micro simulation analysis of Uganda Judith Kabajulizi. Oxford Academic. Google Scholar. Marcus R Keogh-Brown. Richard D Smith. Article history. Cite Citation. Permissions Icon Permissions. Health financing , macroeconomy , development , poverty , Uganda. Figure 1. View large Download slide. Source : CGE-Micro simulation model results.
Table 2. Percentage change in sector value-added: relative to , for different scenarios. Figure 2. Figure 3.
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analysis of expenditure on education from macro perspective Manual
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The economy-wide impact of pandemic influenza on the UK: a computable general equilibrium modelling experiment. Assessing the macroeconomic impact of a healthcare problem: the application of computable general equilibrium analysis to antimicrobial resistance. Implications for Development Strategy. Uganda Bureau of Statistics. World Health Organisation. Informal sector employment in Uganda refers to persons who are in precarious employment situations irrespective of whether or not the entity for which they work is in the formal or informal sector. For a comprehensive discussion of the advantages and shortcomings of these approaches see Savard and Pauw All rights reserved.
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Inflation as a Factor. Demand and Disposable Income. What the Government Can Do. The Bottom Line. The U. Bureau of Economic Analysis provides official macroeconomic statistics. Consumers want to know how easy it will be to find work, how much it will cost to buy goods and services in the market, or how much it may cost to borrow money. Will consumers have enough money to buy the products, or will the products sit on shelves and collect dust?
Unemployment is based on a survey of about 60, households each month. Key Takeaways Macroeconomics is the branch of economics that studies the economy as a whole. Macroeconomics focuses on three things: national output, unemployment, and inflation. Interestingly, the Centre has been raising its rural spend in the last two years. From 5. Still the rural sector has been under severe pressure, and as expected, the Centre has doled out a huge relief package in the form of direct income scheme. The cost to the Centre?
This brings us to the larger issue of the quality of fiscal consolidation that has suffered in the past few years. While there has been a lot of focus on reining in the fiscal deficit and meeting the much-revered In India, the bulk of government spending is mostly biased towards boosting consumption rather than investments. The share of capital expenditure as a percentage of GDP or total expenditure has been falling in recent years.
From 14 per cent in FY16, the share of capital expenditure is down to odd per cent.
The Centre will need to raise its capital expenditure to have a greater and sustainable multiplier impact on overall growth. But going by the Budget numbers, capital expenditure has been pegged to grow by a muted 6 per cent in FY20; bulk of the incremental expenditure has once again gone towards revenue spends. The IEBR constitutes funds raised by central public sector enterprises by way of profits, loans and equity.
The IEBR is kept out of the fiscal deficit calculation.
Over the past years, IEBR has been moving up substantially. In fact in the past three years, the IEBR has surpassed the budgeted allocation of capital expenditure. The joint venture has been supplying Euro 6 engines globally for years now.