The Short and Long Run Effect of Domestic Investment, Foreign Direct Investment and Renewable Energy on Economic Development: Evidence from Cameroon

Afumbom, Nges Shamaine; Fosah, Mah-Soh Glenice; Dinga, Gildas Dohba

doi:10.18488/journal.107.2020.84.340.350

Cited by 2 publications

(1 citation statement)

References 20 publications

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“…Firstly, the ARDL approach can be used for the series which are both stationary at level, I(0) and first differences, I(1). Secondly, the ARDL approach controls for the endogeneity of modelled variables ([ [73] , [74] , [75] , [76] ]) and permits the simultaneous identification of the short and long run effects of the estimated variables ([ 77 ]). Finally, it uses the bounds test which yields more desirable effects and therefore is used commonly for empirical modelling.…”

Section: Methodsmentioning

confidence: 99%

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

Dinga,

Mama,

Achuo

2024

Heliyon

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Section: Methodsmentioning

confidence: 99%

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

Dinga,

Mama,

Achuo

2024

Heliyon

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A multidimensional appraisal of domestic investment, external debt and economic development nexus: evidence from SSA

Dinga,

Fonchamnyo,

Afumbom

2024

JBSED

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PurposeThis study examines the effect of external debt and domestic capital formation on economic development in Sub-Saharan African (SSA) economies.Design/methodology/approachUsing the Dynamic Common Correlation Effects (DCCE) technique and the Driscoll and Kraay fixed-effect technique, this paper conducts a multidimensional assessment of external debt and domestic investment on economic development across a panel of 35 SSA countries from 1995 to 2018. The data utilized are sourced from the World Development Indicators (2021) and the United Nations Development Program (UNDP) database (2021).FindingsThe results reveal that domestic investment has a positive impact on economic development in SSA countries, consistent across all three dimensions of the human development index (income, education and life expectancy). However, external debt exhibits an adverse effect on economic development, consistently yielding negative outcomes for life expectancy, education and income.Practical implicationsBased on these findings, the authors recommend that SSA economies implement appropriate policies, such as reducing bureaucratic requirements and addressing corruption, to enhance domestic capital investment. Additionally, efforts should be directed toward channeling contracted debt into productive sectors like road construction and electricity provision.Originality/valueThis study is among the first to assess the impact of domestic investment and external debt on the three dimensions of human development outlined by the UNDP. Furthermore, it employs a robust econometric method that considers cross-sectional dependence (CD).

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The Short and Long Run Effect of Domestic Investment, Foreign Direct Investment and Renewable Energy on Economic Development: Evidence from Cameroon

Cited by 2 publications

References 20 publications

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

A multidimensional appraisal of domestic investment, external debt and economic development nexus: evidence from SSA

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