Abstract:The paper investigates the relationship between capital flight and economic development in the Cameroon economy during the period1970-2013. Applying the Fully Modified Least Squares (FMOLS) technique, we found evidence in support of a negative significant relationship between capital flight and economic development in Cameroon over the period of the study. Other variables with significant negative impact on economic development are external debt and exports. On the other hand, a factor such as real interest rate was found to associate positively with economic development.
This*paper*investigates*the*effect*of*entrepreneurship*on*poverty*alleviation*in* Cameroon*and*determines*the*nature*of*the*causality*that*exists*between*them* using* the* vector* autoregressive* approach.* The* study* uses* data* from* the* Cameroon* National* Institute* of* statistics* and* World* Bank* Development* Indicators* for* the* period* 1980P2013.* The* results* show* that* entrepreneurship* has*a*significant*negative*impact*on*poverty*in*Cameroon*and*that*there*exists* a* significant* biPdirectional* positive* causality* between* entrepreneurship* and* poverty*reduction.*From*a*policy*perspective,*the*study*concludes*that*training* and* retraining* of* entrepreneurs* as* well* as* organizing* entrepreneurship* skills* acquisition*programmes*are*vital*to*boost*entrepreneurship*in*order*to*reduce* poverty*in*the*country.*
The objective of this paper was to examine the effects of innovation types on the intensity and propensity to export by manufacturing firms in Cameroon. The data were secondary based on statistics collected by the International Development Research Centre (IDRC) on the manufacturing firms in Cameroon between 2011 and 2013. The data were analysed using the tobit and logit estimation techniques. The analyses revealed that different innovation activities namely process, product, market and organisation innovations have been instituted by firms in Cameroon. The empirical results showed that innovation has a positive effect on both the probability and volume to export. Specifically, only non-technological innovations significantly account for variations in export performance, while technological embedded innovations insignificantly influence export variation. Precisely, the results indicated that market and organizational innovations significantly increase intensity and propensity to export, while product innovation has a significant and positive effect on quantity exported and not on export likelihood. Other findings showed that corruption retards export performance while a stable macro-economy improved upon export performance. The findings therefore support government and public policies that promote innovative ways of firms in carrying out their daily activities.
The countries of the Economic and Monetary Community of Central African States (CEMAC) adopted in 1999 a common investment legislation which member countries adapted to their specific realities to improve the economic climate and to guarantee sustained economic growth. This paper while recognizing that a majority of the countries in the sub-region had experimented country-specific investment codes before the formulation of the common investment legislation, contends that the Common investment legislation has had a positive effect on macroeconomic performance of the sub-region. Data for the study is collected from the World Bank Development Indicators, covering a period of 18 years from 1995 to 2012. The estimation technique used for this study is the generalized method of moments (GMM). The analyses showed that the adoption of the common investment legislation had a significant positive relationship with the macroeconomic performance of the sub-region. Also, it was shown that investment legislation, private and public investments play a positive and statistically significant influence on the level of macroeconomic performance in the sub-region. From a policy perspective, given that investment legislation improves macroeconomic performance, it should be continuously revised and adapted to the specific current and future exigencies and prospects for growth.
Current trend in the use or misuse of environmental resources raises strong sustainability issues and the need for preservation. But, should the environment be preserved at the expense of mankind? If the term 'sustainability' means the total subjection of the present generation to hardship and misery in favour of the wild (nature), then, 'sustainability' is not sustainable. This paper investigates into the quality of life of the Erat and the Resettlement community, formerly known as Ikondo Ikondo I of the South West Region of Cameroon using survey and retrospective designs. In reporting the untold conservation story of the two communities around the Korup National Park (KNP), primary data was collected from 180 participants using 5 point Likert scale questionnaire, and analyzed using the Taylor Linearized Standard Error Correction Technique. The result supports the hypothesis that wild nature is more 'valuable' than humans around the KNP as the population continues to be deliberately or otherwise subjected to hardship and misery. With an overall significant result tested using the Fisher's ratio, and while calling on the authorities to adopt measures that reduce poverty and provide social services and justice, the paper strongly advocates for a drastic shift from fortress to man-centred conservation. It is completely unacceptable that in the 21 st Century in Africa, man should be sacrificed for wild nature, no matter what, as he can conveniently live with nature. To achieve this global goal, conservation authorities should report the real impact of their activities.
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