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Cameroons Fiscal Policy And Economic Growth
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Book Synopsis Cameroon's Fiscal Policy and Economic Growth by : Aloysius Ajab Amin
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.
Book Synopsis Private Investment and Endogenous Growth by : Mr.Dhaneshwar Ghura
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.
Book Synopsis Cameroon: Selected Issues by : International Monetary
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
Author :Mathias Atud Mbah Publisher :Ann Arbor, Mich. : University Microfilms International ISBN 13 : Total Pages :190 pages Book Rating :4.:/5 (29 download)
Book Synopsis The Impact of Monetary and Fiscal Policy Actions on Economic Growth by : Mathias Atud Mbah
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:
Book Synopsis Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries by : Issouf Samaké
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.
Book Synopsis Developing a Sustainable Economy in Cameroon by : Aloysius Ajab Amin
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.
Book Synopsis Cameroon by : International Monetary Fund. African Dept.
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.
Book Synopsis Sustaining Reforms for Inclusive Growth in Cameroon by : Florence Charlier
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.
Book Synopsis Cameroon - Fiscal Policy for Growth and Development by : Weltbank
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.
Book Synopsis Cameroon by : International Monetary Fund
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.
Book Synopsis Economic Management in Cameroon by : Wilfred A. Ndongko
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:
Book Synopsis Central African Economic and Monetary Community by : International Monetary Fund. African Dept.
Download or read book Central African Economic and Monetary Community written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-09-09 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the appropriate level of international reserves for the Economic and Monetary Community of Central Africa. The management of the regional central bank’s (BEAC’s) international reserves is governed by monetary cooperation agreements with France. In view of current risks, it is suggested that the BEAC should define its target level of international reserves. The BEAC should have a framework that reflects fairly each member state’s contribution to the pooled reserves. The enforcement of the surrender requirement should be based on a finding of noncompliance even if the target level is achieved. The institutional framework for reserve management should also provide for the achievement of the target level.
Book Synopsis An Examination of the Sources of Economic Growth in Cameroon by : Aloysius Ajab Amin
Download or read book An Examination of the Sources of Economic Growth in Cameroon written by Aloysius Ajab Amin and published by . This book was released on 2002 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon by : International Monetary
Download or read book Cameroon: Requests for Three-Year Arrangements Under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Cameroon written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-10 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cameroon, the largest economy in the Central African Economic and Monetary Union (CEMAC), continues to face the repercussions of the COVID-19 pandemic. Since the onset of the pandemic, the IMF’s Executive Board has approved two disbursements under the Rapid Credit Facility (RCF) totaling SDR 276 million, about US$ 382 million or 100 percent of Cameroon’s quota. Cameroon’s last arrangement under the Extended Credit Facility (ECF) ended in September 2020, without completion of the sixth and final review. The authorities have requested new arrangements from the IMF to help maintain external sustainability, implement their ambitious reform agenda—laid out in the National Development Strategy for 2020-30 (SND30)—and catalyze financial support from other donors.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451808119 Total Pages :118 pages Book Rating :4.4/5 (518 download)
Book Synopsis Cameroon by : International Monetary Fund
Download or read book Cameroon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-12-31 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, the program's macroeconomic targets have been broadly met. The program embodies a renewed emphasis on the non-oil revenue mobilization effort and continuation of a prudent expenditure stance. Reversing the deterioration of the financial operations of the public companies and the utilities is critical. The key objective is strengthening fiscal transparency. Executive Directors welcome the government’s commitment to move forward with the implementation of structural reforms. Close and sustained monitoring, and enhanced coordination within the government, will be critical to the successful implementation of the program.
Book Synopsis Oil Wealth in Central Africa by : Mr.Bernardin Akitoby
Download or read book Oil Wealth in Central Africa written by Mr.Bernardin Akitoby and published by International Monetary Fund. This book was released on 2012-08-16 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.
Book Synopsis Fiscal Policy and Poverty Alleviation by : Benneth O. Obi
Download or read book Fiscal Policy and Poverty Alleviation written by Benneth O. Obi and published by . This book was released on 2007 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
