Abstract
Prioritizing public investments requires information on relative returns that is difficult to derive from disparate evaluation studies. This article presents a ‘hybrid’ approach that combines ex post evaluation data with an economywide model for experimenting ex ante with alternative investment portfolios within a consistent, structural framework. The approach is used to evaluate rural investments in Uganda. Agricultural research and extension services are found to be more effective at promoting economic growth and poverty reduction than either rural feeder roads or irrigation infrastructure. This suggests that the government’s recent shift in emphasis from extension services to irrigation may potentially reduce the overall benefits of its agricultural investment plan.
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