For decades, African economies have embarked on financial sector reforms. However, the empirical implications of these reforms have been divergent. This paper investigates the impact of financial development on Economic growth using time series data in Cameroon. This investigation was carried out using three common indicators of financial development (broad money, deposit/GDP and domestic credit to private sector). Using the Auto Regressive Distributive Lag (ARDL) technique of estimation, it was discovered that there exist a short-run positive relationship between monetary mass (M2), government expenditure and economic growth, a short run negative relationship between bank deposits, private investment and economic growth equally exists. However in the long run, all indicators of financial development show a positive and significant impact on economic growth. This paper thus confirms the existence of a positive and long-term impact of all the indicators of financial development on economic growth through bound test. It is therefore proposed that the financial reforms in Cameroon should be pushed forward in order to boost the development of the financial sector thus an increase in its role on economic growth.
Globally, about 2.8 million people depend on solid wood fuel for energy, developing countries account for more than 90% of this population. About 70% of households in Sub-Saharan depend on wood fuel for energy. The combustion of solid wood fuel indoors and outdoors emits smoke with particles that have adverse effects on the health of users. This chapter investigates the health effects of wood fuel combustion on the users and evaluates the potential of bioenergy from tree commodities as a sustainable remedy. Through a literature review of literature on health effects of wood fuel, this chapter shows that acute respiratory infections, lung problems, cataract, cardiovascular diseases and bronchitis are common public health issues that wood fuel users suffer from. Bioenergy provides a clean and healthier alternative energy for rural households; tree commodities provide a more sustainable option for millions of Africans who depend on tree commodities for their livelihoods. Estimates show that between 4.26E+06 and 1.14E+07 MW of bioelectricity can be generated from tree commodities, while 6.26E+08 to 1.71E+09 litres of bioethanol and 4.27E+08 to 1.14E+09 litres of biodiesel can potentially be generated from tree commodities. Significant government support, financial investment, public-private partnerships and community sensitisation are required for tree commodities to sustainable provide clean and healthy bioenergy to rural Africa.
Since 1990, global forest area has been reducing; tropical forests have suffered from different anthropogenic and natural factors that account for forest loss. Tropical deforestation is the second driver of anthropogenic emissions; increasing demand and investments in tropical forests drive these emissions. These forests attract significant foreign direct investments, but the effects of these investments on carbon emissions from land use, land-use change, and forestry are not well enshrined in the literature for the countries under study. This paper seeks to analyse the impact of foreign direct investments on carbon emissions from land use, land-use change, and forestry amongst 30 tropical forest countries from 1996 to 2019. The sampled countries were disaggregated by tropical blocs: Amazon, Congo basin, Australasia, and Southeast Asia, and by income levels; low-income, lower-middle, upper-middle, and high-income. The findings reveal a U-shape structure of the impact of FDI on carbon emissions from LULUCF within Congo basin and Amazon countries; at higher levels of FDI, emissions from LULUCF will increase while Australasia and Southeast Asian countries show an inverted U-shape impact, thus at higher levels of FDI, there will be a negative and significant impact on carbon emissions from LULUCF. The income levels reveal an inverted U-shape for low-income and high-income countries and a U-shape for upper-middle-income countries; the impact for lower-middle-income countries is not significant. Overall, for the whole sample, the impact depicts a U-shape. This paper proposes high-level development of environmental conditions for FDI for different sectors that align with country and regional green growth plans. Enhancing national and regional governance systems to enforce decisions and fight corruption effectively can significantly promote green FDI for green growth.
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