Free Access | March 2004

Trends in Ugandan household assets during the 1990s

Authors/Editors: John A. Okidi

Abstract:

The response of economic agents to growth opportunities created by market liberalization depends on initial conditions among which are asset endowments and incomes. Deininger and Okidi (2003) use panel elements in the series of the Uganda National Household Survey data and estimate that whereas initial incomes are not a source of future welfare divergence among households, initial assets are critical for guaranteeing higher growth paths for household welfare.