Advanced Search
MyIDEAS: Login to save this article or follow this journal

Official Flows, Export Revenue, Volatility and Domestic Investment in Cameroon

Contents:

Author Info

  • Sunday Aninpah Khan

    ()
    (University of Yaounde)

Registered author(s):

    Abstract

    We examine the impact of aid and export revenue; and their volatilities on domestic private and public investment in Cameroon. Our results show that export revenue is almost three times more volatile than aid. Export has a significant positive impact on both private and public investment, while aid has a positive influence only on public investment. Both export and aid volatilities hurt both types of investment. Through the use of interaction variables, we show that export revenue can completely eliminate the impact of aid volatility on investment, but aid is unable to do same with export volatility. Reducing export volatility is more of a priority for Cameroon than aid volatility.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.journals.co.za/ej/ejour_finj.html
    Download Restriction: no

    Bibliographic Info

    Article provided by Africagrowth Institute in its journal African Finance Journal.

    Volume (Year): 10 (2008)
    Issue (Month): 1 ()
    Pages: 72-88

    as in new window
    Handle: RePEc:afj:journl:v:10:y:2008:i:1:p:72-88

    Contact details of provider:
    Postal: PO Box 3628, Tygervalley, Bellville, 7536
    Phone: +27219146778
    Fax: +27219144438
    Email:
    Web page: http://www.africagrowth.com/
    More information through EDIRC

    Related research

    Keywords: Official Flows; Export Revenue; Volatility; Domestic Investment; Cameroon;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Sebastian Edwards, 1992. "Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries," NBER Working Papers 3497, National Bureau of Economic Research, Inc.
    2. Ashoka Mody & Krishna Srinivasan, 1998. "Japanese and United States Firms as Foreign Investors: Do they march to the same tune?," Canadian Journal of Economics, Canadian Economics Association, vol. 31(4), pages 778-799, November.
    3. Akinkugbe, Oluyele, 2003. "Flow of Foreign Direct Investment to Hitherto Neglected Developing Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    4. Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," MPRA Paper 7125, University Library of Munich, Germany.
    5. Alexander Lehmann, 1999. "Country Risks and the Investment Activity of U.S. Multinationals in Developing Countries," IMF Working Papers 99/133, International Monetary Fund.
    6. Schneider, Friedrich & Frey, Bruno S., 1985. "Economic and political determinants of foreign direct investment," World Development, Elsevier, vol. 13(2), pages 161-175, February.
    7. Wheeler, David & Mody, Ashoka, 1992. "International investment location decisions : The case of U.S. firms," Journal of International Economics, Elsevier, vol. 33(1-2), pages 57-76, August.
    8. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    9. Jeffrey Sachs & Andrew M. Warner, 1995. "Economic Convergence and Economic Policies," CASE Network Studies and Analyses 0035, CASE-Center for Social and Economic Research.
    10. Morisset, Jacques, 2000. "Foreign direct investment in Africa : policies also matter," Policy Research Working Paper Series 2481, The World Bank.
    11. Anupam Basu & Krishna Srinivasan, 2002. "Foreign Direct Investment in Africa," IMF Working Papers 02/61, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:afj:journl:v:10:y:2008:i:1:p:72-88. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kirk De Doncker) The email address of this maintainer does not seem to be valid anymore. Please ask Kirk De Doncker to update the entry or send us the correct address.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.