Military Expenditure, Export, FDI and Economic Performance in Cameroon

Thales Pacific Yapatake Kossele (), Li Jin Shan and Abeid Ahmed Ramadhan

Global Business Review, 2017, vol. 18, issue 3, 577-589

Abstract: To investigate the possible relationship among military expenditure, exports and foreign direct investment (FDI) on economic growth in Cameroon covering the period of 1996–2014, the vector autoregresssion (VAR) model was employed. The results show that military expenditure and the exports are significant at 0.0000 and 0.01 per cent, respectively, and have a positive relationship with gross domestic product growth and the FDI is not significant but has a positive relationship with the economic growth in short run. However, many efforts should be directed towards energy production and infrastructure developments in order to benefit plenty for FDI in the long run for economic sustainability.

Keywords: Military expenditure; export; foreign direct investment; growth; vector autoregresssion; Cameroon (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:18:y:2017:i:3:p:577-589

DOI: 10.1177/0972150917692065

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