Dynamic Analysis of Determinants of Financial Inclusion in Cameroon

The aim of this study is to identify the determinants of financial inclusion in Cameroon between 2011 and 2014. The study uses the maximum likelihood method applied to a logistic regression model. The results shows that the main determinants of financial inclusion in Cameroon are education and income. However, the education variable negatively influences all indicators of financial inclusion. While, income positively affects all indicators of financial inclusion over the two periods apart from the type of credit to which it is negatively correlated in 2011. The policy implication of this study is that the State in its institutional, legal and regulatory framework policies, set up a strategy to encourage financial education so as to draw the attention of all the population to basic foundations on the value of money, the functioning of the financial sector, the proper use of credit and mobile accounts

Transferts de fonds des migrants et croissance économique : une analyse comparative entre le Cameroun et le Sénégal

The purpose of this research is to assess the effect of remittances on growth in Cameroon and Senegal, main beneficiaries respectively in CEMAC and UEMOA regions respectively. The role played by institutions in the mecanism is highlighted through property right protection. Results indicates that a 1% increase in remittances leads 0,41% to a marginal increase in the GDP per capita growth in Senegal compared to 0.08% increase in Cameroon. Moreover, taking into account the protection of property right, it appears that the impact of a 1% increase in remittances on per capita GDP growth rise to 0.85% for Senegal and 0.21% for Cameroon respectively. We then recommend to Cameroonian authorities to improve property right protection which create more incentives for productive investments of remittances

The long-run and short-run effects of foreign direct investment on financial development in African countries

This paper contributes to the understanding of the other neglected effects of foreign direct investment by analysing how foreign direct investment affects financial development in the short-run and long-run for a panel of 49 African countries over the period 1990-2016. The empirical evidence is based on Pooled Mean Group (PMG) approach. With three panels differentiated by income level, the following findings are established: first, while there is a positive and significant long-run relationship between foreign direct investment and financial development in Africa, in the short-run the effect of foreign direct investment on financial development is negative. Second, the effect of foreign direct investment is positive and significant in the long-run in the three sub-samples. However, in the short-run, the effect of foreign direct investment is negative and significant in lower-income countries and non-significant in lower-middle-income and upper-middle-income countries. Overall we find a strong evidence supporting the view that foreign direct investment promotes financial development in African countries in the long-run

L’inclusion Financiere dans la CEMAC : Une Explication par la Bancarisation

L’objectif de ce travail est d’apprécier les effets de la bancarisation sur la croissance économique en zone CEMAC au cours de la période 2007-2018. La population d’étude est constituée des personnes détenant un ou plusieurs comptes dans une banque et/ou un EMF. Les résultats de la régression par la méthode des Pooled Mean Group (PMG) montrent que l’effet de la bancarisation sur la croissance économique est positif au sein de la CEMAC. Ces différents résultats suscitent des recommandations dont les plus urgentes sont les suivantes. L’obligation faite aux salariés du public et du privé de disposer d’un compte (domiciliation des salaires) ; Chaque Etat devrait mettre en place un dispositif (émissions radio-télé, séminaires…) de promotion de l’éducation et du développement de la culture financière des femmes et des jeunes. This paper focuses on assessing the effects of banking on economic growth in the CEMAC zone during the period 2007-2018. The study population focuses on people with one or more accounts in a bank and/or an EMF. The results of the regression by the Pooled Mean Group show that the effect of banking is positive within CEMAC. The various results gave rise to recommendations and the most urgent are as follows: the obligation imposed on public and private sector employees to have an account (domiciliation of wages); and each state should set up a system (radio and television broadcasts, seminars, etc.) to promote education and the development of financial literacy for women and young people

Can Chinese foreign direct investment promote industrialization in African countries?

This paper investigates the relationship between Chinese foreign direct investment and industrialization for 41 African countries over the period 2003-2015. Based on System Generalized Method of Moments (GMM), empirical findings show that Chinese foreign direct investment did not significantly influence the industrialization process in African countries

DEVELOPPEMENT FINANCIER ET CROISSANCE ECONOMIQUE DANS LES PAYS AFRICAINS DE LA ZONE FRANC : LE ROLE DE LA GOUVERNANCE

This paper studies the effect of Financial development on economic growth through the institutions. The results obtained using Generalized Moments Method (GMM) in the dynamic panel show that the direct effect of governance on growth in the franc zone is not significant. Comparing the results of the two sub regions, it is positive but insignificant in EMCCA while it is positive and significant in the WAEMU zone. In addition, financial development (CPRIV and LIQ) negatively affects economic growth in EMCCA and WAEMU while credit from the banking sector has a positive effect in some cases.The results of the indirect effect show that the combined effect Governance-Financial development remains negative and insignificant in EMCCA while in the WAEMU zone , this effect is negative and insignificant except GOUV.CBANC whose effect is negative and significant. However, it is positive but insignificant in the Franc zone. Thus, the institutional framework does not contribute to the improvement of the effect of financial development on economic growth in EMCCA and WAEMU . This result is also verified in 0 % of cases in the EMCCA zone while it was 100% in the WAEMU zone and Frank respectively . These results allowed us to calculate a threshold beyond which the institutional framework enhances the effect of financial development on economic growth, which is respectively 0.09 , 0.09 and 1.77 in Zone Franc , EMCCA and WAEMU financial variables LIQ , and CBANC LIQ . We recommend these countries to try to improve their institutional framework by making favorable conditions for the fight against corruption , bureaucracy and a greater political stability which will contribute to the development of their financial systems. Similarly , institutional liberalization should precede financial liberalization

Impact des échelles d'équivalence sur la répartition spatiale de la pauvreté au Cameroun: une approche dynamique

Le problème que pose la présente étude est celui de la prise en compte du coût relatif des enfants par rapport à celui des adultes et des économies d’échelles dans l’appréciation du bien-être des ménages. Les résultats issus des échelles empiriques construites à cet effet montrent que les ménages dirigés par les femmes sont plus pauvres que ceux dirigés par les hommes. La pauvreté est plus ambiante dans les zones rurales, dans les ménages dont le chef est analphabète et dans les ménages dont le chef exerce dans le secteur informel. En ce qui concerne la dynamique, les résultats montrent que la pauvreté a augmenté au Cameroun entre 1996 et 2001. Bien que certains résultats confortent ceux issus des échelles « Recommended Dietary Allowances » (RDA) utilisées par l’Institut national de la Statistique, d’autres les remettent en question. Les résultats de l’étude recommandent la mise en œuvre de politiques spécifiques pour la réduction de la pauvreté.Échelle d'équivalence, pauvreté, fichiers harmonisés, échelle globale, échelles spécifiques aux biens, Cameroun