IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/3219.html
   My bibliography  Save this paper

A financial social accounting matrix for the integrated macroeconomic model for poverty analysis : application to Cameroon with a fixed-price multiplier analysis

Author

Listed:
  • Christian A. Emini
  • Hippolyte Fofack

Abstract

Cameroon is engaged in the Poverty Reduction Strategy Paper (PRSP) process, which emphasizes increased focus on poverty reduction in the design and implementation of growth and adjustment strategies. The Integrated Macroeconomic Model for Poverty Analysis (IMMPA) recently developed at the World Bank provides an analytical structure for supporting the PRSP process and quantifying poverty reduction strategies. Drawing on that framework, the authors provide a detailed financial social accounting matrix (SAM) for the Cameroonian economy to serve as input into the construction of an IMMPA model for Cameroon. An analysis of this financial SAM shows that the dramatic fall in investment during the crisis period persisted in the post-devaluation growth period in the late 1990s. Continued low investment has implications for ongoing high unemployment rates and poor welfare indicators. The authors illustrate this with simulations based on fixed-price multiplier analysis that highlight the potential growth and welfare benefits of increased public investment, following hypothetical debt relief and reduction of external debt servicing within the framework of the heavily indebted poor countries initiative.

Suggested Citation

  • Christian A. Emini & Hippolyte Fofack, 2004. "A financial social accounting matrix for the integrated macroeconomic model for poverty analysis : application to Cameroon with a fixed-price multiplier analysis," Policy Research Working Paper Series 3219, The World Bank.
  • Handle: RePEc:wbk:wbrwps:3219
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/03/30/000160016_20040330152325/Rendered/PDF/wps3219.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-136, March.
    2. Nigel A Chalk & Richard Hemming, 2000. "Assessing Fiscal Sustainability in Theory and Practice," IMF Working Papers 00/81, International Monetary Fund.
    3. Hillman, Arye L., 2002. "The World Bank and the persistence of poverty in poor countries," European Journal of Political Economy, Elsevier, vol. 18(4), pages 783-795, November.
    4. Ravallion, Martin, 2001. "Growth, Inequality and Poverty: Looking Beyond Averages," World Development, Elsevier, vol. 29(11), pages 1803-1815, November.
    5. Dominique Njinkeu & Ernest Bamou, 2000. "Trade and Exchange Rate Policy Options for the CFA Countries: Simulations with a CGE Model for Cameroon," Research Papers RP_096, African Economic Research Consortium.
    6. Arndt, Channing & Jensen, Henning Tarp & Tarp, Finn, 2000. "Structural Characteristics of the Economy of Mozambique: A SAM-Based Analysis," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 292-306, October.
    7. De Maio, Lorenzo & Stewart, Frances & van der Hoeven, Rolph, 1999. "Computable General Equilibrium Models, Adjustment and the Poor in Africa," World Development, Elsevier, vol. 27(3), pages 453-470, March.
    8. Beckerman,Paul E., 2000. "How small should an economy's fiscal deficit be? - a monetary programming approach," Policy Research Working Paper Series 2308, The World Bank.
    9. Roland-Holst, David W & Sancho, Ferran, 1995. "Modeling Prices in a SAM Structure," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 361-371, May.
    10. Horton, Susan & Kanbur, Ravi & Mazumdar, Dipak, 1991. "Labor markets in an era of adjustment : an overview," Policy Research Working Paper Series 694, The World Bank.
    11. Catherine Pattillo & Hélène Poirson & Luca Antonio Ricci, 2011. "External Debt and Growth," Review of Economics and Institutions, Università di Perugia, vol. 2(3).
    12. William Easterly, 2002. "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550423, January.
    13. Roland-Holst, David W & Sancho, Ferran, 1992. "Relative Income Determination in the United States: A Social Accounting Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 311-327, September.
    14. Aloysius Ajab Amin, 2002. "An examination of the sources of economic growth in Cameroon," Research Papers RP_116, African Economic Research Consortium.
    15. Pierre-Richard Agénor, 2004. "Macroeconomic Adjustment and the Poor: Analytical Issues and Cross-Country Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 18, pages 351-408, July.
    16. Burgess, Robin & Stern, Nicholas, 1993. "Taxation and Development," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 762-830, June.
    17. Glewwe, Paul, 1991. "Investigating the determinants of household welfare in Cote d'Ivoire," Journal of Development Economics, Elsevier, vol. 35(2), pages 307-337, April.
    18. St-Hilaire, France & Whalley, John, 1987. "A Microconsistent Data Set for Canada for Use in Regional General Equilibrium Policy Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 33(3), pages 327-343, September.
    19. Shantayanan Devarajana & Hafez Ghanem & Karen Thierfelder, 1999. "Labor market regulations, trade liberalization and the distribution of income in bangladesh," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 3(1), pages 1-28.
    20. Pierre-Richard Agénor, 1996. "The Labor Market and Economic Adjustment," IMF Staff Papers, Palgrave Macmillan, vol. 43(2), pages 261-335, June.
    21. Easterly, William, 1989. "A consistency framework for macroeconomic analysis," Policy Research Working Paper Series 234, The World Bank.
    22. Krieckhaus, Jonathan, 2002. "Reconceptualizing the Developmental State: Public Savings and Economic Growth," World Development, Elsevier, vol. 30(10), pages 1697-1712, October.
    23. Decaluwe, B. & Patry, A. & Savard, L. & Thorbecke, E., 1999. "Poverty Analysis Within a General Equilibrium Framework," Cahiers de recherche 9909, Université Laval - Département d'économique.
    24. Fofack, Hippolyte & Monga, Celestin & Tuluy, Hasan, 2001. "Household welfare and poverty dynamics in Burkina Faso : empirical evidence from household surveys," Policy Research Working Paper Series 2590, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Calvin Z. Djiofack & Eric W. Djimeu & Matthieu Boussichas, 2014. "Editor's choice Impact of Qualified Worker Emigration on Poverty: A Macro–Micro-Simulation Approach for an African Economy," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 23(1), pages 1-52.
    2. Djiofack, Calvin Z. & Omgba, Luc Désiré, 2011. "Oil depletion and development in Cameroon: A critical appraisal of the permanent income hypothesis," Energy Policy, Elsevier, vol. 39(11), pages 7202-7216.
    3. AfDB AfDB, 2006. "Working Paper 86 - A Review of Ex - ante Poverty Impact Assessments of Macroeconomic Policies in Cameroon and Ghana," Working Paper Series 2220, African Development Bank.
    4. Fofack, Hippolyte L., 2005. "Nonperforming loans in Sub-Saharan Africa : causal analysis and macroeconomic implications," Policy Research Working Paper Series 3769, The World Bank.
    5. Timah, Emmanuel Ambe & Ajaga, Nji & Tita, Divine F. & Ntonga, Leonard M. & Bongsiysi, Irene B., 2008. "Demographic pressure and natural resources conservation," Ecological Economics, Elsevier, vol. 64(3), pages 475-483, January.
    6. AfDB AfDB, 2006. "Working Paper 86 - A Review of Ex - ante Poverty Impact Assessments of Macroeconomic Policies in Cameroon and Ghana," Working Paper Series 2300, African Development Bank.
    7. Luis Enrique Pedauga & Aray, Henry & Velazquez, Agustín, 2016. "A Financial Social Accounting Matrix for the Spanish Economy," EcoMod2016 9490, EcoMod.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:3219. 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: (Roula I. Yazigi). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.