No abstract

This study investigates the extent to which external debt and public investment contributes to economic growth in Cameroon - emphasising on how public investment modulates the effect of external debt on economic growth. Time series data spanning the period 1980-2018 obtained from the World Bank’s world development indicators are used, together with the Dynamic Ordinary Least Squares (OLS) approach to ascertain the nature of the long-run relationship between external debt, public investment and economic growth. Consistent with the debt-overhang and crowding-out literature, the study reveals a negative significant influence of external debt on economic growth in Cameroon. Results also reveal that there is a positive and significant direct effect of public investment on economic growth in the long run. Further results indicate that public investment and external debt positively and significantly engender economic growth. This is evidence that public investment is modulating the effect of external debt on economic growth in Cameroon. These findings suggest the need for developing country governments to create an enabling environment for private sector development, while accompanying external debt resources with domestic revenue mobilization by broadening the tax base - taxes on landed property being potential candidates

This study investigates the extent to which external debt and public investment contribute to economic growth in Cameroon-emphasizing how public investment modulates the effect of external debt on economic growth. Time series data spanning the period 1980-2021 obtained from the World Bank’s world development indicators were used, together with the Dynamic Ordinary Least Squares (OLS) approach to ascertain the nature of the long-run relationship between external debt, public investment, and economic growth in Cameroon. Consistent with the debt-overhang and crowding-out literature, the study reveals a negative significant influence of external debt on economic growth in Cameroon. Results also reveal that there is a positive and significant direct effect of public investment on economic growth in the long run. Further results indicate that public investment and external debt positively and significantly affect engender economic growth in Cameroon. This is evidence that public investment modulates the effect of external debt on economic growth in Cameroon. These findings suggest the need for the government of Cameroon to create an enabling environment for private sector investment while accompanying external debt resources with domestic revenue mobilization by broadening the tax base to include taxes on landed property.

No abstract

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.