Public Expenditure on Physical Activities and Sports on Economic Growth in Cameroon
The objective of this work is to evaluate the effect of public expenditure on physical activities and sports on economic growth in Cameroon for the period 1990 to 2019. To do this, we drew on theories on productive public expenditure (BARRO, 1990). In order to achieve this objective, we used the modified version of the model based on econometric analysis from the framework inspired by the work of Romer, Mankiw and Weil (1992) and which was taken up by Serge A. Ayekoe (2004) to model the relationship between public spending on sport and growth. We used the unit root test to check the stationarity of the variables, then for robustness, the Breusch-Godfrey test for autocorrelation of errors, the Breush-Pagan- Godfrey/BPG test for homoscedasticity, the Jarque Berra normality test and the Ramsey global goodness test for model specification. Then the Toda-Yamamoto causality test was carried out, after which the ARDL model was estimated to assess the long and short term relationships and finally the Pesaran et al (2001) cointegration test. The results of the estimates of the effect of public spending on PSA on economic growth in Cameroon show that public spending on PSA has a positive and indirect impact on economic growth in Cameroon. An increase in public spending on sports of 1% of GDP accelerates growth by 0.01% in CT and 0.037% in LT. The study shows that public expenditure on SPA has a role to play in economic development in Cameroon.
