Developing a Sustainable Economy in Cameroon

Sulaiman.Adebowale

Description

Developing a Sustainable Economy in Cameroon is an ambitious effort as the authors try to set a blue print for Cameroon's economy. In the 1980s facing economic crisis, and as dictated by the structural adjustment programme, Cameroon sharply cut public investment expenditures before later cutting government consumption which were followed by privatisation, liquidation of public companies and reduction in the size of the public sector. All these measures are believed to have had devastating effects on the economy. Given the performance of the economy so far the authors suggest that much more effort, with a strong commitment of the main stakeholders, is required to guarantee sustainable economic development in Cameroon. Truly, very few countries in Africa possess such enormous human and natural resources as Cameroon does. This volume brings out the challenges Cameroon faces in its quest for development as well as for designing appropriate strategies for addressing those development challenges.

Informations

• Publié par: CODESRIA
• Date de parution: 15 mai 2008
• Nombre de lectures: 2
• EAN13: 9782869783928
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

6.00 x 9.00 6.00 x 9.00.979Developing a Sustainable Economy
in CameroonDEVELOPING A SUSTAINABLE
ECONOMY IN CAMEROON
Edited by
Aloysius Ajab Amin
Council for the Development of Social Science Research in Africa© Council for the Development of Social Science Research in Africa, 2008
Avenue Cheikh Anta Diop Angle Canal IV, B.P. 3304 Dakar, 18524, Senegal
http://www.codesria.org
All rights reserved
ISBN: 2-86978-209-8
ISBN 13: 9782869782099
Typeset by Sériane Camara Ajavon
Cover image designed by Ibrahima Fofana
Printed by Imprimerie Graphiplus, Dakar, Senegal
The Council for the Development of Social Science Research in Africa (CODESRIA)
is an independent organisation whose principal objectives are facilitating research,
promoting research-based publishing and creating multiple forums geared towards
the exchange of views and information among African researchers. It challenges the
fragmentation of research through the creation of thematic research networks that
cut across linguistic and regional boundaries.
CODESRIA publishes a quarterly journal, Africa Development, the longest standing
Africa-based social science journal; Afrika Zamani, a journal of history; the African
Sociological Review; African Journal of International Affairs (AJIA); Africa Review of
Books; and the Journal of Higher Education in Africa. It copublishes the Africa Media
Review and Identity, Culture and Politics: An Afro-Asian Dialogue. Research results
and other activities of the institution are disseminated through ‘Working Papers’,
‘Monograph Series’, ‘CODESRIA Book Series’, and the CODESRIA Bulletin.
CODESRIA would like to express its gratitude to the Swedish International
Development Cooperation Agency (SIDA/SAREC), the International Development
Research Centre (IDRC), Ford Foundation, MacArthur Foundation, Carnegie
Corporation, NORAD, the Danish Agency for International Development (DANIDA),
the French Ministry of Cooperation, the United Nations Development Programme
(UNDP), the Netherlands Ministry of Foreign Affairs, Rockefeller Foundation,
FINIDA, CIDA, IIEP/ADEA, OECD, OXFAM America, UNICEF and the
Government of Senegal for supporting its research, training and publication programmes.Contents
List of Tables ............................................................................................................... vii
List of Illustrations/Figures....................................................................................... xii
Foreword ..................................................................................................................... xiii
Preface ..........................................................................................................................xiv
Acknowledgements ....................................................................................................xvi
Contributors ...............................................................................................................xvii
I: Introduction
Introduction: Conceptual Issues and Overview ................................................1
1 Aloysius Ajab Amin
II: Production Issues
Agricultural Export Supply Determinants in Cameroon’s
2 Economy ............................................................................................................... 29
Sunday Khan and Daniel Gbetnkom
Analysis of Cameroon’s Non-traditional Exports Market
3 Access Potential ..................................................................................................... 49
Lydie Tankoua Bamou and Ernest Bamou
Cotton Supply Response in Cameroon ........................................................... 64
4 Emmanuel Douya
Cameroon’s Economy and Reforms ............................................................... 79
5 Aloysius Ajab Amin
Sources of Economic Growth in Cameroon’s Economy......................... 103
6
The Effects of Trade Reform on Cameroon’s
7 Manufacturing Industries .................................................................................. 125
Ousmanou Njikam
III: Social Issues
Cameroon’s Poverty Profile in 1996 ............................................................... 157
8 Aloysius Ajab Amin, Francis Menjo Baye, Samuel Fambon, Isidor Noumba,
Isaac Tamba and Regina TawahDeveloping a Sustainable Economy in Cameroonvi
9 The Determinants of Poverty in Cameroon .............................................. 187
Bernadette Dia Kamgnia and Joseph-Pierre Timnou
10 An Analysis of Household Attitudes toward the Purchase
of Livestock Products and Fish in Cameroon........................................... 201
Emmanuel N. Tambi
11 Economic Analysis of Private Returns to Investment
in Education in Cameroon ............................................................................. 219
Aloysius Ajab Amin and Wilfred J. Awung
12 Internal Efficiency of Secondary School in Cameroon:
Institutional Concern ....................................................................................... 235
Isidor Noumba
13 Public Provision of Health Care in Cameroon:
Policy Choices and Options ........................................................................... 259
Ntembe Augustine Ntembe
IV: Financial and Fiscal Issues
14 Financial Sector Reforms in Cameroon ...................................................... 283
Regina Tawah, Rebecca Ntongho M. Amin and Vinatius Bweh Ewane
15 Determinants of the Level of Taxation in Cameroon ............................. 306
Dorothy Nkogko Agbor
16 Real Exchange Rate Misalignment in Cameroon, 1970–1996 ................. 328
Francis Menjo Baye and Sunday A. Khan
17 Public Debt and Public Investment in Cameroon ..................................... 346
George N. Mbanga and Fondo Sikod
18 Fiscal Policy Coordination and Economic Performance:
Cameroon Case Analysis with a CGE Model ........................................... 361
Ernest Bamou
19 The Informal Economy and Tax Revenue of
Cameroon’s Economy .................................................................................... 380
Aloysius Ajab Amin and Alexander Mbeaoh
V: Conclusion
20 Conclusion: Implication for Economic Development ............................. 401
Aloysius Ajab AminList of Tables
Table 1.1: Evolution of Capital and Output (GDP), Cameroon,
1960-2003 (market prices in billion francs CFA)..........................................11
Table 2.1 Unit Root Tests Statistics ................................................................................41
Table 2.2: Results of Co-integration Tests ....................................................................42
Table 2.3: Export Supply Functions of the Different Crops
(quantity exported as the dependent variable)............................................. 43
Table 3.1: Classification of Cameroon's 1996/97 Non-oil,
Non-traditional Exports According to their Competitiveness
and Financial Profitability ..............................................................................53
Table 3.2: Duties and Taxes Paid on Cameroon's Exports in 1996/97 ..................... 58
Table 4.1: Sampling Structure ..........................................................................................71
Table 4.2: Regression Results for the Aggregate Model
(t-statistics in parentheses).............................................................................72
Table 4.3: Regression Results for the Sub-sample Models
(T-statistics in parenthesis) ............................................................................73
Table 4A.1: Change in GDP by Activity Groups in Cameroon
(billions of CFA francs) .................................................................................77
Table 4A.2: Change in Main Export Crops (thousands of tonnes)
and Their Prices (CFA francs/kg) ..................................................................77
Table 4A.3: Correlation Matrix of Estimated Coefficients ..........................................77
Table 4A.4: Statistical Description of Variables .............................................................78
Table 4A.5: Specific Effects for the Aggregate Model ................................................... 78
Table 5.1: Public Expenditure and Revenue as a Percentage of GDP
(1979/80-1998/99).........................................................................................80
Table 5.2: Public Service Employment ...........................................................................82
Table 5.3a: Production: Cocoa, Cotton and Coffee (Metric Tonnes) ..........................86
Table 5.3b: Production: Other Products (Metric Tonnes) ............................................87
Table 5.3c: Timber Production By Volume (M3) ..........................................................88
Table 5.3d: Petroleum Production and Export ('000 tonnes) .....................................88
Table 5.3e: Producer Prices: Cocoa, Cotton and Coffee (CFA francs) .........................89
Table 5.4: Cameroon: Balance of Trade..........................................................................98
Table 6.1 Factor and Total Factor Productivity Contribution to Economic
Growth in Cameroon ..................................................................................119