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“External Debt, Domestic Investment and Economic Growth in Cameroon” A system Estimation Approach

Journal of Economics Bibliography

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Title “External Debt, Domestic Investment and Economic Growth in Cameroon” A system Estimation Approach
 
Creator FORGHA, Njimanted G.; University of Buea, Department of Economics and Management, LA SWR-Cameroon
MBELLA, Mukete E.; University of Buea, Department of Economics and Management, LA SWR-Cameroon
NGANGNCHI, Forbe H.
 
Description The feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition. Based on a system estimation approach, using Two Stage Least Squares as an estimation technique in the case of Cameroon for a period of 34 years (1980-2013), the results reveal that while domestic investment increases economic growth, external debt retards economic growth in Cameroon, revealing the influence of debt overhang. It was therefore concluded that external debts adversely affect economic growth in Cameroon and thus, as a major recommendation, the authorities are expected to improve on the performance of external debt through proper debt management, a complete debt relief and using the debt in productive sectors for production of goods and services.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2015-02-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/161
10.1453/jeb.v1i1.161
 
Source Journal of Economics Bibliography; Vol 1, No 1 (2014): December; 3-16
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/161/231
 
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http://creativecommons.org/licenses/by-nc/4.0