Analysis of public investments and economic growth in Cameroon

Augustin Ntembe (), Aloysius Ajab Amin () and Regina Tawah ()
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Augustin Ntembe: Bowie State University
Aloysius Ajab Amin: Institute for Development Solutions, Inc & Clayton State University, Georgia
Regina Tawah: Bowie State University

Journal of Economics and Finance, 2018, vol. 42, issue 3, No 10, 614 pages

Abstract: Abstract This study investigates the contribution of public investment to economic growth in Cameroon from 1977 to 2015. It uses the Autoregressive Distributed Lag cointegration (ARDL) approach to estimate a modified version of the production function. The estimates indicate that real gross domestic product, labor force, public investment and private investment are cointegrated. Also based on the estimates, public and private investments have positive and significant effects on real gross domestic product in both the short-run and the long-run. The estimates further show that labor force has a significant long-run relationship with real gross domestic product but found no evidence of a significant short-run relationship. The error correction term is negative and significant suggesting that any deviations of real GDP growth from the long-term value would be corrected subsequently.

Keywords: Cameroon; Public investment; Autoregressive Distributed Lag; Error correction; Infrastructure; Economic growth (search for similar items in EconPapers)
JEL-codes: E22 H54 O40 O50 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s12197-017-9411-0

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