Private Investment and Endogenous Growth : Evidence From Cameroon

Author/Editor:

Dhaneshwar Ghura

Publication Date:

December 1, 1997

Electronic Access:

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Summary:

This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the aggregate production function exhibits increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in output expansion; (5) positive externalities are generated by physical and human capital accumulation; and (6) growth is boosted by economic policies that foster external competitiveness and a prudent fiscal stance.

Series:

Working Paper No. 97/165

Subject:

English

Publication Date:

December 1, 1997

ISBN/ISSN:

9781451980004/1018-5941

Stock No:

WPIEA1651997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

31

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