EFFICIENCY OF PUBLIC INVESTMENTS IN CAMEROON: Multi-output analysis, output-oriented on panel data

EFFICIENCE DES INVESTISSEMENTS PUBLICS AU CAMEROUN: Une analyse multi-output, orientée output sur données de panel

Constant Naoussi (), Houdou Ndambendia () and Luc B. Dimai ()
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Constant Naoussi: MINEPAT - Ministère de l'Économie, de la Planification et de l'Aménagement du Territoire [Yaoundé, Cameroun]

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Abstract: In a context of public policy aiming for strong growth over the period 2010-2020, the main objective of this work is to assess the efficiency of public investments through programs registered in the Public Investment Budget (BIP). From a stochastic boundary model and techniques in panel data econometrics, we come to conclude on a sample of 28 programs over the period 2013-2016, that public investments in Cameroon are, on the whole, technically ineffective. The level of technical inefficiency is estimated at almost 6%. Specifically, only programs aimed at improving university and scientific research are technically efficient. More than half of the programs recorded significant shortfalls. With regard to the resources mobilized over the study period. Cameroon could have generated additional wealth of 720.5 billion FCFA on average over the period 2013-2016 and 97% would be attributable to the improvement of exports. The country could have seen its life expectancy at birth increase by 4.6 years. On average, 3.3% of children in primary school could have continued their studies and 4.32% of secondary school pupils could have moved on to a higher class. The country could have produced an additional energy of 54.72 megawatts, apart from exogenous shocks.

Date: 2020-04-19
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Published in 2020

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