Download or read book Cameroon s Fiscal Policy and Economic Growth written by Aloysius Ajab Amin and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cameroon has experienced periods of economic growth and decline. During the growth period, public expenditures increased the size of the public sector. The decline period, which started in 1986, has been characterized by government expenditures that outstripped revenues. This study analyzes the relationship between public and private investment, stressing the crowding in or crowding out of private investment by public expenditures.
Download or read book Private Investment and Endogenous Growth written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1997-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the aggregate production function exhibits increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in output expansion; (5) positive externalities are generated by physical and human capital accumulation; and (6) growth is boosted by economic policies that foster external competitiveness and a prudent fiscal stance.
Download or read book Fiscal Sustainability Public Investment and Growth in Natural Resource Rich Low Income Countries written by Issouf Samaké and published by International Monetary Fund. This book was released on 2013-06-11 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability.
Download or read book The Impact of Monetary and Fiscal Policy Actions on Economic Growth written by Mathias Atud Mbah and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1991 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cameroon Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-11 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Download or read book Developing a Sustainable Economy in Cameroon written by Aloysius Ajab Amin and published by African Books Collective. This book was released on 2008 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing a Sustainable Economy in Cameroon is an ambitious effort as the authors try to set a blue print for Cameroon's economy. In the 1980s facing economic crisis, and as dictated by the structural adjustment programme, Cameroon sharply cut public investment expenditures before later cutting government consumption which were followed by privatisation, liquidation of public companies and reduction in the size of the public sector. All these measures are believed to have had devastating effects on the economy. Given the performance of the economy so far the authors suggest that much more effort, with a strong commitment of the main stakeholders, is required to guarantee sustainable economic development in Cameroon. Truly, very few countries in Africa possess such enormous human and natural resources as Cameroon does. This volume brings out the challenges Cameroon faces in its quest for development as well as for designing appropriate strategies for addressing those development challenges.
Download or read book Cameroon written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-08-13 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper aims at providing an empirical underpinning to fiscal policy reforms implemented by the authorities by estimating the size of fiscal multipliers in Cameroon, using a novel long quarterly data set and looking separately at the impact of changes in revenue, and government consumption and investment. The impact of government spending and taxes depends on country characteristics and the stage of the business cycle. The analysis shows that revenue and capital expenditure multipliers in Cameroon are small and comparable to those of other sub-Saharan African and low-income countries. The revenue multiplier is close to nil which implies that revenue-based fiscal consolidation would be less harmful to growth in the medium term. Compared to its peers in sub-Saharan Africa, Cameroon’s revenue multiplier is smaller as is its tax burden relative to the regional average. Conversely, government expenditure can more significantly affect output in the medium term, although the consumption multiplier is unexpectedly much higher than the investment one.
Download or read book Cameroon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-08-16 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Cameroon identifies impediments to growth acceleration in the country. A two-step approach is followed: first, the characteristics of middle-income countries currently experiencing growth accelerations are examined; and, second, the extent to which Cameroon shares these characteristics is assessed. The focus of the analysis is a set of variables the literature has identified as helping to accelerate growth. This paper also presents a possible fiscal strategy for Cameroon based on the permanent income approach.
Download or read book Fiscal Reaction Functions in the CFA Zone written by Olumuyiwa S. Adedeji and published by International Monetary Fund. This book was released on 2007-10 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stance of fiscal policy in CEMAC and WAEMU is strongly influenced by fiscal effort in the previous period. This persistence underscores the risks of a procyclical fiscal policy stance, given these countries' high degree of dependence on primary commodities and exposure to terms of trade shocks. This paper finds that the coefficient of the lagged debt stock was significant and positive, consistent with the theory that higher levels of debt warrant greater fiscal effort. Various measures of economic performance, as captured by economic growth and per capita GDP, openness, and the terms of trade were also found to be important factors in explaining fiscal performance. As fiscal performance seems to be strongly affected by both real GDP growth and terms of trade fluctuations, there appears to be a need to develop supplementary fiscal-related criteria that take into account the influence of output and the terms of trade.
Download or read book Cameroon Fiscal Policy for Growth and Development written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Cameroon's growth achievement is disappointing and the country is not likely to meet most of the Millennium Development Goals (MDGs) on its current trajectory. Underemployment is extremely high, with risks of social unrest and instability. The fallout of the current global economic crisis is making more challenging the attainment of growth targets foreseen in the new Growth and Employment Strategy (DSCE) and in the new vision 2035. This overall picture hides an even more worrisome divide between urban and rural areas, among provinces, and between farmers and all other socioeconomic groups. Cameroon has ended up in this situation as a result of several factors, including a legacy of poor public finance management, weak governance, and inequitable distribution of resources. The report also argues that the Government has the capacity to use fiscal policy as an effective instrument to address the legacy, governance, and distribution issues that are constraining growth, while providing basic services and necessary public goods to the population. The Government is committed to reviving growth and job creation, in line with vision 2035, and the recommendations in this report could help it to achieve these goals. The Government needs to act quickly, however, as the costs of delaying reforms can be high. It also needs to engage with the private sector, for example, in public private partnerships in the energy sector.
Download or read book Trade Liberalization and Economic Performance of Cameroon and Gabon written by Ernest Bamou and published by . This book was released on 1999 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Management in Cameroon written by Wilfred A. Ndongko and published by . This book was released on 1986 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sustaining Reforms for Inclusive Growth in Cameroon written by Florence Charlier and published by World Bank Publications. This book was released on 2009 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive review of Cameroon's development policies since the 1970s-including public finance, privatization, trade, infrastructure, and governance-finds that Cameroon's malaise is due less to a lack of resources than to an inability to sustain reforms and to implement growth-enhancing policies. While the government's strategies have been sound, this volume argues that an 'administrative inertia' has set in. This study makes a number of key recommendations to overcome this inertia, enhance cohesion and consistency in government actions, strengthen capacity to effectively execute programs, and hence increase development outcomes for Cameroon. Contributions by: Armand Atomate, Mohammed Bekhechi, Yann Burtin, Ananda Covindassami, Mourad Ezzine, Miriam Schneidman, Isabelle Huyn, Jean-Francois Marteau, Pierre Pozzo di Borgo, Eleodoro Mayorga, Carole Megevand, Giuseppe Topa, Chantal Reliquet, Richard Verspyck, Ali Zafar andDavid Tchuinou.
Download or read book Cameroon Fiscal Policy for Growth and Development written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cameroon written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-03-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Second Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility for Cameroon. Economic activity is slowing, reflecting a weak business environment, stronger competition from low-cost producers of manufactured products, and reforms to foster sustainable forestry production. Higher world oil prices are leading to inflation pressures while contributing to an improvement in the fiscal position and external current account balance. Budget execution and implementation of structural measures related to public financial management were also satisfactory.
Download or read book Fiscal Policy Stabilization and Growth written by Guillermo E. Perry and published by World Bank Publications. This book was released on 2007-10-19 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
Download or read book OECD Tax Policy Studies Tax Policy Reform and Economic Growth written by OECD and published by OECD Publishing. This book was released on 2010-11-03 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates how tax structures can best be designed to support GDP per capita growth.
