Cameroon has experienced periods of economic growth and decline. During the growth period, public expenditures increased the size of the public sector. The decline period, which started in 1986, has been characterized by government expenditures that outstripped revenues. This study analyzes the relationship between public and private investment, stressing the crowding in or crowding out of private investment by public expenditures.
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Paper provided by African Economic Research Consortium in its series Papers with number
85.
Find related papers by JEL classification: H50 - Public Economics - - National Government Expenditures and Related Policies - - - General H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development