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Military Expenditure, Export, FDI and Economic Performance in Cameroon

Pacific Yapatake (), Shan Li and Ramadhan Abeid
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Pacific Yapatake: Zhejiang University, Hangzhou, China
Shan Li: Zhejiang University, Hangzhou, China.
Ramadhan Abeid: Wuhan, China

No 17/002, CEREDEC Working Papers from Centre de Recherche pour le Développement Economique (CEREDEC)

Abstract: To investigate for 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 Autoregression (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 Autoregression (VAR); Cameroon (search for similar items in EconPapers)
JEL-codes: H5 O41 O47 (search for similar items in EconPapers)
Pages: 20
Date: 2017-01
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Forthcoming: Global Business Review

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