Christian A. EminiHippolyte Fofack2013-07-102013-07-102004-02https://hdl.handle.net/10986/14440Cameroon 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.en-USCC BY 3.0 IGOMACROECONOMIC MODELSPOVERTY REDUCTION STRATEGIESSOCIAL ACCOUNTING MATRICESPOVERTY ANALYSISINVESTMENT RATESUNEMPLOYMENT RATESWELFARE INDICATORSMULTIPLIER ECONOMICSPUBLIC INVESTMENTSDEBT RELIEFEXTERNAL DEBT SERVICEHEAVILY INDEBTED POOR COUNTRIES ACCOUNTINGADJUSTMENT POLICIESAGGREGATE INCOMEAGGREGATE LEVELAGGREGATE OUTPUTAGRICULTURAL PRODUCTIONAGRICULTURAL SECTORAGRICULTUREAVERAGE GROWTHBALANCE OF PAYMENTSBANKING SECTORCAPITAL ACCOUNTSCAPITAL FORMATIONCAPITAL INVESTMENTCENTRAL BANKCIVIL SERVICECOMPETITIVENESSCREDIT RATIONINGCROWDING OUTCURRENT PRICESDEBTDEBT RELIEFDEVALUATIONDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDISTRIBUTION OF INCOMEDIVERSIFICATIONDOMESTIC MARKETSECONOMIC CONTRACTIONECONOMIC GROWTHECONOMIC OUTLOOKECONOMIC RECESSIONECONOMIC REFORMSECONOMISTSEFFICIENCY WAGESEMPIRICAL STUDIESEQUILIBRIUMEXCESS SUPPLYEXCHANGE RATESEXPORTSEXTERNAL DEBTFINANCIAL DATAFINANCIAL FLOWSFINANCIAL INSTITUTIONSFINANCIAL SECTORFINANCIAL TRANSACTIONSFISCAL DEFICITSFISCAL YEARFOREIGN EXCHANGEGDPGROSS FIXED CAPITAL FORMATIONGROSS VALUEGROWTH CONTEXTGROWTH PROCESSGROWTH RATEGROWTH RATESHEADCOUNT INDEXHIGH POVERTYHIGH UNEMPLOYMENTHOUSEHOLD INCOMEHOUSEHOLD SURVEYHOUSEHOLD SURVEYSIMPORTSINCOMEINCOME COUNTRIESINCOME GROUPSINCOME GROWTHINCOME TAXESINCREASED EMPHASISINCREASED INVESTMENTINDIVIDUAL INCOMEINDIVIDUAL LEVELINFORMAL ECONOMYINFORMAL EMPLOYMENTINFORMAL SECTORINFORMAL SECTOR EMPLOYMENTINFORMAL SECTORSINTERMEDIATE INPUTSLABOR COSTSLABOR FORCELABOR MARKETLABOR MARKETSLEGISLATIONLIQUIDITYLIVING STANDARDSLOW SHARELOW-INCOME COUNTRIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMACROECONOMICSMEDIUM TERMMIGRATIONMINIMUM WAGEMINIMUM WAGESMULTIPLIERSNATIONAL ACCOUNTSNATIONAL EMPLOYMENTNATIONAL INCOMENATIONAL LEVELNATIONAL POVERTYNEGATIVE IMPACTNET WORTHNEW ENTRANTSNONPERFORMING LOANSOILOIL PRICESOPERATING SURPLUSPER CAPITA INCOMEPOLICY REFORMSPOLICY RESEARCHPOLITICAL CONTEXTPOOR COUNTRIESPOOR HOUSEHOLDSPOVERTY ANALYSISPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPRESENT VALUEPRIVATIZATIONPRODUCERSPRODUCTIVITYPUBLIC DEBTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC INVESTMENTPUBLIC SECTORPUBLIC SERVICEPUBLIC SPENDINGREAL SECTORREAL WAGESRECURRENT EXPENDITURESRESOURCE MOBILIZATIONRETURN ON INVESTMENTRURAL AREASSAFETY NETSAFETY NETSSAVINGSSECTOR ACTIVITIESSECTORAL COMPOSITIONSKILLED LABORSKILLED WORKERSSOCIAL COSTSSOCIAL INDICATORSSOCIAL SAFETY NETSSOCIAL SERVICESSTRUCTURAL ADJUSTMENTSUSTAINABILITY ANALYSISTAXATIONTERMS OF TRADETIMBERTRADE SHOCKSTRADE UNIONSTRADED SECTORUNEMPLOYMENT BENEFITSUNEMPLOYMENT RATEUNEMPLOYMENT RATESUNSKILLED LABORURBAN AREASURBAN POVERTYVALUE ADDEDVULNERABLE GROUPSWAGE DIFFERENTIALSWAGESWELFARE EFFECTSWorld Bank10.1596/1813-9450-3219