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This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The … 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 …
Persistent link: https://www.econbiz.de/10014400292
This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …
Persistent link: https://www.econbiz.de/10014400554
This paper uses census and household survey data on Cameroon, Ghana, and South Africa to examine immigration's impact …
Persistent link: https://www.econbiz.de/10012300611
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained...
Persistent link: https://www.econbiz.de/10014400423
demand in Cameroon over 1963/64-1993/94. The cointegrated VAR analysis first describes an open-economy model of money, prices … Cameroon and France, and the stability of the short-run dynamics of the broad money demand function is confirmed …
Persistent link: https://www.econbiz.de/10014403616
Persistent link: https://www.econbiz.de/10011281619
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572
The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term...
Persistent link: https://www.econbiz.de/10012613662
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...
Persistent link: https://www.econbiz.de/10012667406