Imports (M) of Goods and Services;

Constant 2000 US Dollars (USD), Source; World Bank, World Development Indicators (WDI), July 2013

Import of Consumer Goods and Service (C)

Constant 2000 US Dollars (USD), Based on the Broad Economic Categories (BEC) Source; WITS, World Bank, UNCOMTRADE April 2014

Import of Intermediate Goods and Service (I)

Constant 2000 US Dollars (USD), Based on the Broad Economic Categories (BEC) Source; WITS, World Bank, UNCOMTRADE April 2014

Imports of Capital Goods and Services (K)

Constant 2000 US Dollars (USD), Based on the Broad Economic Categories (BEC) Source; WITS, World Bank, UNCOMTRADE April 2014

Domestic Income: (Y)

Uganda’s GDP; constant 2000 Uganda Shillings (UGX). Source; World Bank, World Development Indicators (WDI), July 2013.

Consumer Price Index (CPI),

IMF’s International Financial Statistics (IFS), July 2013.

Foreign exchange reserve in US (RESER)

IMF’s International Financial Statistics (IFS), July 2013.

Real effective exchange rate (REER)

IMF’s International Financial Statistics (IFS), July 2013.

Relative Import Price (RPM)

RPM is the ratio of import price to domestic price (P_M/P_D), where P_M is defined as import unit values and P_D is defined as consumer price indices. Source authors computation from dividing P_M by P_D. Data on P_M and P_D is from IMF’s International Financial Statistics (IFS), July 2013.

Openness (Open)

Weighted average tariff rate. Source; World Bank, World Development Indicators (WDI), July 2013.