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Effects of Theft on Investment Decisions of Agricultural Enterprises in Cameroon

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  • Benjamin Fomba Kamga
  • Gilchrist Bessoum Keedi

Abstract

This paper analyses the effects of theft on the investment decisions of agricultural enterprises in Cameroon. The data are drawn from a survey conducted with 484 agricultural enterprises. Two methodological approaches are employed: First, a multivariate probit model that simultaneously addresses potential endogeneity and unobserved heterogeneity across different investment decisions; second, a recursive bivariate probit model applied to each investment decision, incorporating theft as an endogenous variable. The results reveal a positive and significant relationship between theft and the investment decisions of agricultural enterprises, highlighting the substantial influence of this factor on their economic behaviour.

Suggested Citation

  • Benjamin Fomba Kamga & Gilchrist Bessoum Keedi, 2026. "Effects of Theft on Investment Decisions of Agricultural Enterprises in Cameroon," Journal of International Development, John Wiley & Sons, Ltd., vol. 38(2), pages 251-270, March.
    • Handle: RePEc:wly:jintdv:v:38:y:2026:i:2:p:251-270
    DOI: 10.1002/jid.70040
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