Oxford Handbook of the Economy of Cameroon

This Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change.

List of contents

• Introduction


• 1: Célestin Monga: The Economics and Poetics of Sorrow


• Part I: Context, Legacies, and Mindsets


• 2: John Mukum Mbaku: The Cameroon Economy: Historical Overview


• 3: Andreas Mehler: Cameroon as Part of Central Africa's Political Economy


• 4: Marie Christelle Mabeu and Roland Pongou: The Interplay Between Colonial History and Postcolonial Institutions: Evidence from Cameroon


• 5: Célestin Monga: The Political Economy of Ethnicity


• 6: Constant Lonkeng: The Political Economy of Reform Consensus (or Lack Thereof) in Cameroon


• 7: Ambroise Kom: The Homo Economicus in Cameroon: A View from Below


• 8: Fabien Nkot: Untold perspectives about Cameroon's Economy


• Part II: Economic Structure and Structural Transformation


• 9: Francis Andrianarison, Bouba Housseini, and Christian Oldiges: Monetary and Multidimensional Poverty in Cameroon: Measurements, Determinants and Policy Implications


• 10: Fulbert Tchana Tchana: Cameroon's Economic Assets and Production: Documenting and Analyzing a Mismatch


• 11: Paul Noumba Um and Théophile Bougna: The Economics of Infrastructure in Cameroon: State, Challenges, and Policy Reforms


• 12: Désiré Avom and Yselle Malah Kuete: Structural Transformation and Productivity Growth in Cameroon


• 13: Jean-Marc M. Kilolo, Martin Cameron, Antonio Pedro, and Jean-Luc N. Mastaki: Economic Diversification in Cameroon: A Trade-DSM analysis


• 14: Zakaria Sorgho: Cameroon: Trade Costs, Trade Facilitation, and Regional Integration


• 15: Parfait Eloundou-Enyegue, Sarah C. Giroux, and Michel Tenikue: The Political Economy of Contemporary Youth in Cameroon


• 16: Bouba Housseini and Brahim Boudarbat: Cameroon's Labour Market Dynamics and Prospects


• 17: Ebenezer Lemven Wirba, Fiennasah Annif' Akem, and Francis Menjo Baye: Cameroon's Informal Labour Market


• 18: Christian Zamo-Akono and Simon Alain Song-Ntamack: Drivers of Earnings Inequalities in Urban Cameroon


• 19: Bernadette Dia Kamgnia and Cyrille Bergaly Kamdem: Education: The Hypothesis of Negative Returns


• 20: Guy Tchuente: Early Human Capital Accumulation and Decentralization


• 21: Roger B. Myerson: Comments on Decentralization in Cameroon


• 22: Issidor Noumba: Determinants of the Performance of Education System: The Role of Institutions


• 23: Augustin Ntembe: Health Outcomes and Health Care Financing in Cameroon


• 24: Eric Tchouaket Nguemeleu, Stephanie Robins, Émilie, Belanger, Drissa Sia, and Isidore Sieleunou: Economic Evaluations of Health Financing Programmes


• 25: Martin Fregene and Gracia Kahasha: Agriculture Transformation


• Part III: Macroeconomic Policies and Institutional Practices


• 26: John Nana Francois and Andrea Mata: Fiscal Policy Effectiveness through the Lenses Useful of Government Consumption


• 27: Théophile Bougna and Pierre Nguimkeu: Fiscal Decentralization, Entrepreneurship and Firm Productivity in Cameroon


• 28: Célestin Monga: Public Debt: Beyond Accounting


• 29: José-María Muñoz: Withholding Trust: Business Taxpayers and the Value-Added Tax in Cameroon


• 30: Aloysius Ajab Amin: The CFA Franc: Financial Sector and Economic Growth in CEMAC


• 31: Jacques Landry Bikai, Guy Albert Kenkouo, Patrick-Nelson Daniel Essiane, and Moustapha Mbohou Mama: Monetary and Financial Sector in Cameroon: Structure, Performance and Vulnerabilities


• 32: Regina Tawah: Financing Small and Medium Enterprises in Cameroon


• 33: Ahmadou Aly Mbaye, Fatou Gueye, and Nancy Benjamin: Female Entrepreneurship in Africa: Characteristics and Determinants in Cameroon


• 34: Viviane Ondoua: Models of Governance in Cameroon's Public Administration


• 35: Christelle Amina Djoulde: The Economy of Corruption in Cameroon's Cartoons


• Part IV: Looking Forward


• 36: Eric Bahel, Octave Keutiben, and Didier Tatoutchoup: The Analytics of Natural Resource Management


• 37: Didier Tatoutchoup, Octave Keutiben, and Eric Bahel: Testing the Dynamic Efficiency of Extraction of Non-renewable Resources


• 38: Octave Keutiben, Didier Tatoutchoup, and Eric Bahel: Oil Revenue Management: Cameroon's Experience


• 39: Johnson Kakeu: Comparing Non-Renewable Resources Stocks and Capital Goods


• 40: Ismaila Amadu and Epo Boniface Ngah: Electricity Supply and Manufacturing Exports


• 41: Célestin Monga: A Blueprint for Employment Creation


• 42: Nadege D. Yameogo: The Economics of Migration and Remittances: New Opportunities


• 43: Samuel Fosso Wamba and Maciel M. Queiroz: Artificial Intelligence and Big Data Analytics in Cameroon: Challenges, Benefits and Potentials Applications


• 44: Cilas Kemedjio: The Economy of Humanitarianism


• 45: Daniel Etounga-Manguelle: When Kamerun Will Awaken

About the author

Célestin Monga is Visiting Professor of Public Policy at Harvard's Kennedy School of Government, Faculty Associate at the Center for International Development (CID) Harvard University, and Fellow at the Harvard University Center for African Studies. He is also Distinguished Professor of Economics, Finance, and Governance, at the University of Witwatersrand (Johannesburg, South Africa (2021-2023)). He is part-time Professor of Economics at the University of Paris 1 Panthéon-Sorbonne and Research Professor at Peking University's Institute of New Structural Economics. He held various board and senior executive positions in academia, financial services, and international development institutions, serving most recently as Managing Director at the United Nations Industrial Development Organization (UNIDO), Vice-President and Chief Economist of the African Development Bank Group, and Senior Economic Adviser/Director at the World Bank Group.

Summary

Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country.

The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change. Through Cameroon's governance story, the handbook analyzes the evolving conceptions of economic policy, takes stock of intellectual progress, documents the challenges of implementation, and outlines the intellectual and policy agenda ahead.

For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies.

In this Oxford Handbook of the Economy of Cameroon, an international team of leading development economists and researchers address the wide range of issues facing Cameroon and provide guiding principles on how best the country (and other developing nations) could move human, capital, and financial resources from low- to high-productivity sectors in a constantly changing global economy.

Product details

• Authors: Celestin (Visiting Professor of Public Poli Monga
• Assisted by: Célestin Monga (Editor)
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 11.10.2022
• EAN: 9780192848529
• ISBN: 978-0-19-284852-9
• No. of pages: 800
• Series: Oxford Handbooks
• Subjects: Natural sciences, medicine, IT, technology > Natural sciences (general); Social sciences, law, business > Business > Economics; Sociology, SOCIAL SCIENCE / Human Geography, SOCIAL SCIENCE / Sociology / General, POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Development / Economic Development, Economic Geography, The environment, Political Economy, Human Geography, Development Studies, Development economics & emerging economies, Development economics and emerging economies, Cameroon, Development and environmental geography