Publication: A Financial Social Accounting Matrix for the Integrated Macroeconomic Model for Poverty Analysis : Application to Cameroon with a Fixed-Price Multiplier Analysis
Date
2004-02
ISSN
Published
2004-02
Author(s)
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.
Link to Data Set
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;no.
WPS 3219. © World Bank: Washington, DC. http://hdl.handle.net/10986/14440 License: CC BY 3.0 IGO.”
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