01754cas a2200241 a 4500 AALejournalIMF000514 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451980004 1018-5941 BD-DhAAL BD-DhAAL Ghura, Dhaneshwar. Private Investment and Endogenous Growth : Evidence From Cameroon / Dhaneshwar Ghura. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates empirically the factors that have influenced economic growth in Cameroon during 1963-96. The results, which support the endogenous-growth-type model, indicate that (1) the aggregate production function exhibits increasing returns to scale; (2) the impact of increases in private investment on growth is large, significant, and robust; (3) increases in government investment have a positive impact on growth; (4) human capital development plays an important role in output expansion; (5) positive externalities are generated by physical and human capital accumulation; and (6) growth is boosted by economic policies that foster external competitiveness and a prudent fiscal stance. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/165 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/165/001.1997.issue-165-en.xml IMF e-Library