Edited by Oliver Morrissey and Michael Tribe
Chapter 4: Policy reform and Ugandan export competitiveness: a constant market share (CMS) analysis
4. Policy reform and Ugandan export competitiveness: a constant market share (CMS) analysis Nichodemus Rudaheranwa 1 INTRODUCTION Trade deﬁcits have been a major concern for developing countries, in particular sub-Saharan African countries, since the early 1980s. Efforts to alleviate trade deﬁcits have comprised mainly policies to increase export earnings through increased volume and diversity (of composition and destination) of exports. Reducing the trade deﬁcit has been an important objective, and expected outcome, of trade liberalisation. For an overview of the timing and types of the trade policy reforms see Greenaway (1998). However, for subSaharan Africa (SSA) the results of liberalisation have been mixed (Bennell, 1998). The impact of liberalisation on the external sector in many SSA countries has been at best gradual (Duncan and Jones, 1993; Belshaw et al., 1999). For example, Uganda adopted a comprehensive trade policy reform in 1987 that substantially reduced the bias against exports (Rudaheranwa, 1999) but after ten years the trade deﬁcit remained high. Only a few major reforms were implemented before 1993. With the slow response of the export sector, SSA countries will ﬁnd it difﬁcult to reduce the growing debt burden. A study identifying factors impacting on the competitiveness of exports is therefore appropriate; that is the contribution of this chapter with an application to Ugandan exports. The chapter is organised as follows. The concept of export competitiveness is discussed in Section 2. Section 3 reviews the constant market share (CMS) method used for the analysis, while the...
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