Annexe 3
RESUSLTATS DES TESTS ET ESTIMATIONS
Null Hypothesis: _PIBR has a unit root
Exogenous: Constant, Linear Trend
Lag Length: 6 (Automatic - based on AIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -6.354917 0.0001
Test critical values: 1% level -4.374307
5% level -3.603202
10% level -3.238054
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(_PIBR)
Method: Least Squares
Date: 10/31/13 Time: 19:16
Sample (adjusted): 1987 2011
Included observations: 25 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
_PIBR(-1)
|
-1.169896
|
0.184093 -6.354917
|
0.0000
|
|
D(_PIBR(-1))
|
0.313750
|
0.135071 2.322861
|
0.0337
|
|
D(_PIBR(-2))
|
0.309971
|
0.143036 2.167088
|
0.0457
|
|
D(_PIBR(-3))
|
0.454534
|
0.139543 3.257310
|
0.0049
|
|
D(_PIBR(-4))
|
0.428236
|
0.151001 2.835985
|
0.0119
|
|
D(_PIBR(-5))
|
0.389608
|
0.127214 3.062610
|
0.0074
|
|
D(_PIBR(-6))
|
0.317752
|
0.102968 3.085931
|
0.0071
|
|
C
|
-3.251276
|
1.211732 -2.683165
|
0.0163
|
|
@TREND(1980)
|
0.277674
|
0.065970 4.209123
|
0.0007
|
|
R-squared
|
0.755430
|
Mean dependent var
|
-0.102867
|
|
Adjusted R-squared
|
0.633145
|
S.D. dependent var
|
3.004625
|
|
S.E. of regression
|
1.819859
|
Akaike info criterion
|
4.309108
|
|
Sum squared resid
|
52.99019
|
Schwarz criterion
|
4.747903
|
|
Log likelihood
|
-44.86385
|
Hannan-Quinn criter.
|
4.430811
|
|
F-statistic
|
6.177610
|
Durbin-Watson stat
|
1.679581
|
|
Prob(F-statistic)
|
0.001015
|
|
|
Null Hypothesis: _CCMLT has a unit root Exogenous: Constant,
Linear Trend
Lag Length: 0 (Automatic - based on SIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -0.619743 0.9705
Test critical values: 1% level -4.284580
5% level -3.562882
10% level -3.215267
*MacKinnon (1996) one-sided p-values.
92
Relation Banque-Entreprise et croissance économique
au Cameroun
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(_CCMLT)
Method: Least Squares
Date: 10/31/13 Time: 19:18
Sample (adjusted): 1981 2011
Included observations: 31 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
_CCMLT(-1)
|
-0.067680
|
0.109206 -0.619743
|
0.5404
|
|
C
|
0.158748
|
3.384819 0.046900
|
0.9629
|
|
@TREND(1980)
|
0.030867
|
0.108469 0.284565
|
0.7781
|
|
R-squared
|
0.081890
|
Mean dependent var
|
-0.434735
|
|
Adjusted R-squared
|
0.016311
|
S.D. dependent var
|
3.003065
|
|
S.E. of regression
|
2.978472
|
Akaike info criterion
|
5.112464
|
|
Sum squared resid
|
248.3963
|
Schwarz criterion
|
5.251237
|
|
Log likelihood
|
-76.24319
|
Hannan-Quinn criter.
|
5.157700
|
|
F-statistic
|
1.248723
|
Durbin-Watson stat
|
1.633159
|
|
Prob(F-statistic)
|
0.302360
|
|
|
Null Hypothesis: D(_CCMLT) has a unit root Exogenous: None
Lag Length: 0 (Automatic - based on SIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -4.291869 0.0001
Test critical values: 1% level -2.644302
5% level -1.952473
10% level -1.610211
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation Dependent Variable:
D(_CCMLT,2) Method: Least Squares
Date: 10/31/13 Time: 19:20 Sample (adjusted): 1982 2011
Included observations: 30 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
D(_CCMLT(-1))
|
-0.810224
|
0.188781 -4.291869
|
0.0002
|
|
R-squared
|
0.388048
|
Mean dependent var
|
0.096797
|
|
Adjusted R-squared
|
0.388048
|
S.D. dependent var
|
3.861256
|
|
S.E. of regression
|
3.020559
|
Akaike info criterion
|
5.081526
|
|
Sum squared resid
|
264.5895
|
Schwarz criterion
|
5.128232
|
|
Log likelihood
|
-75.22289
|
Hannan-Quinn criter.
|
5.096468
|
|
Durbin-Watson stat
|
1.896926
|
|
|
Null Hypothesis: _MM has a unit root
Exogenous: Constant, Linear Trend
Lag Length: 1 (Automatic - based on SIC, maxlag=7)
93
Relation Banque-Entreprise et croissance économique
au Cameroun
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -2.326669 0.4079
Test critical values: 1% level -4.296729
5% level -3.568379
10% level -3.218382
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(_MM)
Method: Least Squares
Date: 10/31/13 Time: 19:21
Sample (adjusted): 1982 2011
Included observations: 30 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
_MM(-1)
|
-0.213389
|
0.091714 -2.326669
|
0.0280
|
|
D(_MM(-1))
|
0.592584
|
0.226746 2.613428
|
0.0147
|
|
C
|
4.317418
|
1.966798 2.195151
|
0.0373
|
|
@TREND(1980)
|
-0.036268
|
0.033821 -1.072322
|
0.2934
|
|
R-squared
|
0.260043
|
Mean dependent var
|
-0.074262
|
|
Adjusted R-squared
|
0.174663
|
S.D. dependent var
|
1.498692
|
|
S.E. of regression
|
1.361532
|
Akaike info criterion
|
3.578664
|
|
Sum squared resid
|
48.19799
|
Schwarz criterion
|
3.765490
|
|
Log likelihood
|
-49.67996
|
Hannan-Quinn criter.
|
3.638431
|
|
F-statistic
|
3.045726
|
Durbin-Watson stat
|
1.766248
|
|
Prob(F-statistic)
|
0.046538
|
|
|
Null Hypothesis: D(_MM) has a unit root
Exogenous: None
Lag Length: 0 (Automatic - based on SIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -3.030109 0.0037
Test critical values: 1% level -2.644302
5% level -1.952473
10% level -1.610211
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(_MM,2)
Method: Least Squares
Date: 10/31/13 Time: 19:23
Sample (adjusted): 1982 2011
Included observations: 30 after adjustments
Variable Coefficient Std. Error t-Statistic Prob.
D(_MM(-1)) -0.622814 0.205542 -3.030109 0.0051
R-squared 0.235520 Mean dependent var -0.128960
94
Relation Banque-Entreprise et croissance économique
au Cameroun
|
Adjusted R-squared
|
0.235520
|
S.D. dependent var
|
1.624517
|
|
S.E. of regression
|
1.420389
|
Akaike info criterion
|
3.572504
|
|
Sum squared resid
|
58.50768
|
Schwarz criterion
|
3.619211
|
|
Log likelihood
|
-52.58756
|
Hannan-Quinn criter.
|
3.587446
|
|
Durbin-Watson stat
|
1.518112
|
|
|
Null Hypothesis: _TIR has a unit root
Exogenous: Constant, Linear Trend
Lag Length: 0 (Automatic - based on SIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -1.418761 0.8351
Test critical values: 1% level -4.284580
5% level -3.562882
10% level -3.215267
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Dependent Variable: D(_TIR)
Method: Least Squares
Date: 10/31/13 Time: 19:24
Sample (adjusted): 1981 2011
Included observations: 31 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
_TIR(-1)
|
-0.149977
|
0.105710 -1.418761
|
0.1670
|
|
C
|
2.856457
|
1.778415 1.606182
|
0.1195
|
|
@TREND(1980)
|
-0.017234
|
0.031896 -0.540325
|
0.5932
|
|
R-squared
|
0.092861
|
Mean dependent var
|
0.008065
|
|
Adjusted R-squared
|
0.028065
|
S.D. dependent var
|
1.560174
|
|
S.E. of regression
|
1.538125
|
Akaike info criterion
|
3.790771
|
|
Sum squared resid
|
66.24320
|
Schwarz criterion
|
3.929544
|
|
Log likelihood
|
-55.75695
|
Hannan-Quinn criter.
|
3.836008
|
|
F-statistic
|
1.433130
|
Durbin-Watson stat
|
2.181825
|
Null Hypothesis: D(_TIR) has a unit root
Exogenous: None
Lag Length: 0 (Automatic - based on SIC, maxlag=7)
t-Statistic Prob.*
Augmented Dickey-Fuller test statistic -6.269388 0.0000
Test critical values: 1% level -2.644302
5% level -1.952473
10% level -1.610211
*MacKinnon (1996) one-sided p-values.
Augmented Dickey-Fuller Test Equation
Relation Banque-Entreprise et croissance économique
au Cameroun
95
Dependent Variable: D(_TIR,2)
Method: Least Squares
Date: 10/31/13 Time: 19:26
Sample (adjusted): 1982 2011
Included observations: 30 after adjustments
|
Variable
|
Coefficient
|
Std. Error t-Statistic
|
Prob.
|
|
D(_TIR(-1))
|
-1.150870
|
0.183570 -6.269388
|
0.0000
|
|
R-squared
|
0.575435
|
Mean dependent var
|
0.000000
|
|
Adjusted R-squared
|
0.575435
|
S.D. dependent var
|
2.407514
|
|
S.E. of regression
|
1.568703
|
Akaike info criterion
|
3.771141
|
|
Sum squared resid
|
71.36409
|
Schwarz criterion
|
3.817848
|
|
Log likelihood
|
-55.56712
|
Hannan-Quinn criter.
|
3.786083
|
|
Durbin-Watson stat
|
1.981959
|
|
|
RESULTAT DU TEST DE COINTEGRATION
Date: 11/03/13 Time: 21:10
Sample (adjusted): 1982 2011
Included observations: 30 after adjustments Trend assumption:
Linear deterministic trend Series: _CCMLT _MM _PIBR _TIR
Lags interval (in first differences): 1 to 1
Unrestricted Cointegration Rank Test (Trace)
|
Hypothesized
|
|
Trace
|
0.05
|
|
|
No. of CE(s)
|
Eigenvalue
|
Statistic
|
Critical Value
|
Prob.**
|
|
None *
|
0.667699
|
63.26660
|
47.85613
|
0.0010
|
|
At most 1
|
0.446524
|
30.21522
|
39.79707
|
0.0647
|
|
At most 2
|
0.256247
|
12.46911
|
15.49471
|
0.1358
|
|
At most 3
|
0.112716
|
3.587703
|
3.841466
|
0.0582
|
Trace test indicates 2 cointegrating eqn(s) at the 0.05 level *
denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Unrestricted Cointegration Rank Test (Maximum Eigenvalue)
|
Hypothesized
|
|
Max-Eigen
|
0.05
|
|
|
No. of CE(s)
|
Eigenvalue
|
Statistic
|
Critical Value
|
Prob.**
|
|
None *
|
0.667699
|
33.05138
|
27.58434
|
0.0089
|
|
At most 1
|
0.446524
|
17.74611
|
21.13162
|
0.1396
|
|
At most 2
|
0.256247
|
8.881406
|
14.26460
|
0.2962
|
|
At most 3
|
0.112716
|
3.587703
|
3.841466
|
0.0582
|
Relation Banque-Entreprise et croissance économique
au Cameroun
Max-eigenvalue test indicates 1 cointegrating eqn(s) at the 0.05
level * denotes rejection of the hypothesis at the 0.05 level
**MacKinnon-Haug-Michelis (1999) p-values
Unrestricted Cointegrating Coefficients (normalized by
b'*S11*b=I):
-0.099933 0.846217 0.077942 0.701670
-0.132864 -0.046736 0.009932 -0.166215
-0.025725 -0.101732 0.235797 -0.277010
-0.081179 0.180819 -0.045782 -0.318829
Unrestricted Adjustment Coefficients (alpha):
D(_CCMLT) -0.448053 1.253396 0.982958 0.319494
D(_MM) -0.618370 0.006242 0.048803 -0.296349
D(_PIBR) -0.446608 1.131731 -1.065551 -0.070873
D(_TIR) -0.805519 -0.135778 -0.306216 0.334654
1 Cointegrating Equation(s): Log likelihood -231.7593
Normalized cointegrating coefficients (standard error in
parentheses)
1.000000 -8.467879 -0.779946 -7.021431
(1.04609) (0.35329) (1.19861)
Adjustment coefficients (standard error in parentheses) D(_CCMLT)
0.044775
(0.05875)
D(_MM) 0.061795
(0.02018)
D(_PIBR) 0.044631
(0.05565)
D(_TIR) 0.080498
(0.02678)
2 Cointegrating Equation(s): Log likelihood -222.8863
Normalized cointegrating coefficients (standard error in
parentheses)
1.000000 0.000000 -0.102877 0.921085
(0.40279) (0.64187)
0.000000 1.000000 0.079957 0.937958
(0.06216) (0.09905)
96
Adjustment coefficients (standard error in parentheses) D(_CCMLT)
-0.121756 -0.437729
97
|
Relation Banque-Entreprise et croissance économique au
Cameroun
(0.08799) (0.44857)
|
|
D(_MM)
|
0.060966
|
-0.523567
|
|
(0.03357)
|
(0.17115)
|
|
D(_PIBR)
|
-0.105735
|
-0.430819
|
|
(0.08424)
|
(0.42945)
|
|
D(_TIR)
|
0.098538
|
-0.675299
|
|
(0.04432)
|
(0.22591)
|
3 Cointegrating Equation(s): Log likelihood -218.4456
Normalized cointegrating coefficients (standard error in
parentheses)
|
_CCMLT
|
_MM
|
_PIBR
|
_ TIR
|
|
1.000000
|
0.000000
|
0.000000
|
0.853763
|
|
|
|
(0.65330)
|
|
0.000000
|
1.000000
|
0.000000
|
0.990281
|
|
|
|
(0.10196)
|
|
0.000000
|
0.000000
|
1.000000
|
-0.654391
|
|
|
|
(0.57117)
|
Adjustment coefficients (standard error in parentheses)
|
D(_CCMLT)
|
-0.147042
|
-0.537727
|
0.209305
|
|
(0.08240)
|
(0.41807)
|
(0.12173)
|
|
D(_MM)
|
0.059711
|
-0.528532
|
-0.036627
|
|
(0.03393)
|
(0.17217)
|
(0.05013)
|
|
D(_PIBR)
|
-0.078324
|
-0.322418
|
-0.274824
|
|
(0.07699)
|
(0.39066)
|
(0.11375)
|
|
D(_TIR)
|
0.106415
|
-0.644147
|
-0.136337
|
|
(0.04359)
|
(0.22119)
|
(0.06440)
|
ESTIMATION
MODELE 1 : SANS LA DUMMY
Vector autoregression
Sample: 1982 - 2011 No. of obs = 30
Log likelihood = -216.6517 AIC = 16.84345
FPE = 261.9353 HQIC = 17.38135
Det(Sigma_ml) = 22.01977 SBIC = 18.52489
Equation Parms RMSE R-sq chi2 P>chi2
|
pibr
|
9
|
2.67845
|
0.7037
|
71.258
|
0.0000
|
|
mm
|
9
|
1.12668
|
0.9072
|
293.1133
|
0.0000
|
|
ccmlt
|
9
|
2.84231
|
0.9156
|
325.4492
|
0.0000
|
|
tir
|
9
|
1.46362
|
0.7942
|
115.8032
|
0.0000
|
| Coef. Std. Err. z P>|z| [95% Conf.
Interval]
+
pibr |
98
Relation Banque-Entreprise et croissance économique
au Cameroun
|
pibr
|
|
|
|
|
|
|
|
|
|
L1.
|
|
|
.587654
|
.101518
|
5.79
|
0.000
|
.3886824
|
.7866256
|
|
L2. mm
|
|
|
|
.1407672
|
.1029138
|
1.37
|
0.171
|
-.0609401
|
.3424746
|
|
|
L1.
|
|
|
.2716861
|
.3747132
|
0.73
|
0.468
|
-.4627382
|
1.00611
|
|
L2. ccmlt
|
|
|
|
-.6069194
|
.4041899
|
-1.50
|
0.133
|
-1.399117
|
.1852782
|
|
|
L1.
|
|
|
-.3522804
|
.1698362
|
-2.07
|
0.038
|
-.6851533
|
-.0194075
|
|
L2.
tir
|
|
|
|
.2797095
|
.1755045
|
1.59
|
0.111
|
-.064273
|
.6236919
|
|
|
L1.
|
|
|
.3475441
|
.3157119
|
1.10
|
0.271
|
-.2712399
|
.9663281
|
|
L2.
|
|
|
-.5312605
|
.3371733
|
-1.58
|
0.115
|
-1.192108
|
.1295869
|
|
|
_ cons
|
|
|
10.44826
|
11.21385
|
0.93
|
0.351
|
-11.53048
|
32.427
|
|
mm
|
|
|
|
|
|
|
|
|
|
|
pibr
|
|
|
|
|
|
|
|
|
|
L1.
|
|
|
-.0221558
|
.0427033
|
-0.52
|
0.604
|
-.1058527
|
.0615412
|
|
L2. mm
|
|
|
|
-.0009043
|
.0432905
|
-0.02
|
0.983
|
-.085752
|
.0839435
|
|
|
L1.
|
|
|
.9767054
|
.1576222
|
6.20
|
0.000
|
.6677715
|
1.285639
|
|
L2. ccmlt
|
|
|
|
-.5588232
|
.1700215
|
-3.29
|
0.001
|
-.8920593
|
-.2255871
|
|
|
L1.
|
|
|
.2036317
|
.0714412
|
2.85
|
0.004
|
.0636095
|
.3436539
|
|
L2.
tir
|
|
|
|
-.1198639
|
.0738255
|
-1.62
|
0.104
|
-.2645593
|
.0248315
|
|
|
L1.
|
|
|
-.3098542
|
.1328035
|
-2.33
|
0.020
|
-.5701442
|
-.0495641
|
|
L2.
|
|
|
-.0441096
|
.1418312
|
-0.31
|
0.756
|
-.3220936
|
.2338744
|
|
|
ccmlt
|
_ cons
pibr
|
|
|
|
|
15.25865
|
4.71708
|
3.23
|
0.001
|
6.013345
|
24.50396
|
|
L1.
|
|
|
.1060023
|
.1077287
|
0.98
|
0.325
|
-.105142
|
.3171466
|
|
L2. mm
|
|
|
|
.0886758
|
.1092099
|
0.81
|
0.417
|
-.1253716
|
.3027232
|
|
|
L1.
|
|
|
-.1410324
|
.3976374
|
-0.35
|
0.723
|
-.9203874
|
.6383227
|
|
L2. ccmlt
|
|
|
|
-.3389241
|
.4289174
|
-0.79
|
0.429
|
-1.179587
|
.5017387
|
|
|
L1.
|
|
|
.8095691
|
.1802265
|
4.49
|
0.000
|
.4563316
|
1.162806
|
|
L2.
tir
|
|
|
|
.0174528
|
.1862415
|
0.09
|
0.925
|
-.3475738
|
.3824795
|
|
|
L1.
|
|
|
-.3510041
|
.3350266
|
-1.05
|
0.295
|
-1.007644
|
.3056359
|
|
L2.
|
|
|
-.5458676
|
.3578009
|
-1.53
|
0.127
|
-1.247144
|
.1554093
|
|
|
tir
|
_ cons
pibr
|
|
|
|
|
25.70033
|
11.89989
|
2.16
|
0.031
|
2.376977
|
49.02369
|
|
L1.
|
|
|
-.0576944
|
.0554739
|
-1.04
|
0.298
|
-.1664212
|
.0510323
|
|
L2. mm
|
|
|
|
-.093964
|
.0562366
|
-1.67
|
0.095
|
-.2041857
|
.0162577
|
|
|
L1.
|
|
|
-.2003794
|
.2047596
|
-0.98
|
0.328
|
-.6017009
|
.2009421
|
|
L2.
|
|
|
-.3832552
|
.220867
|
-1.74
|
0.083
|
-.8161466
|
.0496361
|
|
ccmlt
99
|
|
Relation Banque-Entreprise et croissance économique au
Cameroun
|
|
L1. |
|
-.0603167
|
.0928059
|
-0.65
|
0.516
|
-.2422129
|
.1215796
|
|
L2. |
|
.1395648
|
.0959033
|
1.46
|
0.146
|
-.0484022
|
.3275318
|
|
|
|
tir |
|
|
|
|
|
|
|
|
L1. |
|
.4827631
|
.1725188
|
2.80
|
0.005
|
.1446326
|
.8208937
|
|
L2. |
|
-.0472758
|
.1842462
|
-0.26
|
0.797
|
-.4083917
|
.3138401
|
|
|
|
|
|
|
|
|
|
|
|
_cons |
|
19.2635
|
6.127736
|
3.14
|
0.002
|
7.253354
|
31.27364
|
|
MODELE 2 : AVEC
|
LA DUMMY
|
|
|
|
|
Vector autoregression
|
|
|
|
|
|
|
Sample:
|
1982 - 2011
|
|
|
No.
|
of obs =
|
30
|
|
Log likelihood = -150.9317
|
|
|
AIC
|
=
|
13.72878
|
|
FPE = .7545724
|
|
|
HQIC
|
=
|
14.55058
|
|
Det(Sigma_ml)
|
= .0161269
|
|
|
SBIC
|
=
|
16.29764
|
|
Equation
|
Parms
|
RMSE
|
R-sq
|
chi2
|
P>chi2
|
|
|
pibr
|
|
11
|
1.81466
|
0.8770
|
213.8207
|
0.0000
|
|
|
mm
|
|
11
|
.972291
|
0.9374
|
449.5487
|
0.0000
|
|
|
ccmlt
|
|
11
|
2.72047
|
0.9300
|
398.8428
|
0.0000
|
|
|
tir
|
|
11
|
1.33066
|
0.8461
|
164.9658
|
0.0000
|
|
|
|
|
Coef.
|
Std. Err.
|
z
|
P>|z|
|
[95% Conf.
|
Interval]
|
|
pibr
|
+
|
pibr |
|
|
|
|
|
|
|
|
L1. |
|
.4095291
|
.0716227
|
5.72
|
0.000
|
.2691512
|
.5499071
|
|
L2. |
mm |
|
.104277
|
.0666487
|
1.56
|
0.118
|
-.0263521
|
.2349061
|
|
|
L1. |
|
.0480705
|
.3261238
|
0.15
|
0.883
|
-.5911203
|
.6872614
|
|
L2. |
ccmlt |
|
-.3942414
|
.3907801
|
-1.01
|
0.313
|
-1.160156
|
.3716736
|
|
|
L1. |
|
-.1459539
|
.1161766
|
-1.26
|
0.209
|
-.3736558
|
.081748
|
|
L2. |
tir |
|
1.131323
|
.1741665
|
6.50
|
0.000
|
.7899627
|
1.472683
|
|
|
L1. |
|
.3316325
|
.2037158
|
1.63
|
0.104
|
-.0676432
|
.7309082
|
|
L2. |
dum |
|
-.2332458
|
.2234358
|
-1.04
|
0.297
|
-.6711719
|
.2046802
|
|
|
L1. |
|
13.7116
|
2.937966
|
4.67
|
0.000
|
7.953293
|
19.46991
|
|
L2. |
|
5.041435
|
2.540601
|
1.98
|
0.047
|
.0619475
|
10.02092
|
|
|
mm
|
_ cons |
|
pibr |
|
-21.73062
|
8.993898
|
-2.42
|
0.016
|
-39.35833
|
-4.102903
|
|
L1. |
|
-.0033103
|
.0383752
|
-0.09
|
0.931
|
-.0785244
|
.0719037
|
|
L2. |
mm |
|
.0058781
|
.0357102
|
0.16
|
0.869
|
-.0641125
|
.0758687
|
|
|
L1. |
|
1.416808
|
.1747361
|
8.11
|
0.000
|
1.074331
|
1.759284
|
|
L2. |
ccmlt |
|
-1.148015
|
.2093788
|
-5.48
|
0.000
|
-1.55839
|
-.7376406
|
|
|
L1. |
|
.1591771
|
.062247
|
2.56
|
0.011
|
.0371752
|
.2811791
|
|
L2. |
|
-.07371
|
.0933178
|
-0.79
|
0.430
|
-.2566096
|
.1091896
|
|
100
Relation Banque-Entreprise et croissance économique
au Cameroun
|
tir
|
|
|
|
|
|
|
|
|
|
L1.
|
|
|
-.330377
|
.1091503
|
-3.03
|
0.002
|
-.5443077
|
-.1164464
|
|
L2.
dum
|
|
|
|
-.0920368
|
.1197162
|
-0.77
|
0.442
|
-.3266762
|
.1426026
|
|
|
L1.
|
|
|
4.283414
|
1.574153
|
2.72
|
0.007
|
1.198131
|
7.368697
|
|
L2.
|
|
|
-4.898169
|
1.361246
|
-3.60
|
0.000
|
-7.566163
|
-2.230176
|
|
|
ccmlt
|
_ cons
pibr
|
|
|
|
|
19.16001
|
4.818902
|
3.98
|
0.000
|
9.71513
|
28.60488
|
|
L1.
|
|
|
.2147699
|
.1073741
|
2.00
|
0.045
|
.0043206
|
.4252192
|
|
L2. mm
|
|
|
|
.1128093
|
.0999172
|
1.13
|
0.259
|
-.0830248
|
.3086435
|
|
|
L1.
|
|
|
.2594389
|
.4889125
|
0.53
|
0.596
|
-.6988119
|
1.21769
|
|
L2. ccmlt
|
|
|
|
-.8279374
|
.5858428
|
-1.41
|
0.158
|
-1.976168
|
.3202935
|
|
|
L1.
|
|
|
.6692418
|
.1741675
|
3.84
|
0.000
|
.3278797
|
1.010604
|
|
L2.
tir
|
|
|
|
-.4162115
|
.2611038
|
-1.59
|
0.111
|
-.9279655
|
.0955425
|
|
|
L1.
|
|
|
-.3553616
|
.3054031
|
-1.16
|
0.245
|
-.9539406
|
.2432174
|
|
L2.
dum
|
|
|
|
-.738235
|
.3349665
|
-2.20
|
0.028
|
-1.394757
|
-.0817128
|
|
|
L1.
|
|
|
-4.73861
|
4.404488
|
-1.08
|
0.282
|
-13.37125
|
3.894028
|
|
L2.
|
|
|
-5.844662
|
3.808774
|
-1.53
|
0.125
|
-13.30972
|
1.620397
|
|
|
tir
|
_ cons
pibr
|
|
|
|
|
45.66446
|
13.48331
|
3.39
|
0.001
|
19.23766
|
72.09127
|
|
L1.
|
|
|
-.1126486
|
.0525196
|
-2.14
|
0.032
|
-.215585
|
-.0097121
|
|
L2. mm
|
|
|
|
-.1079887
|
.0488722
|
-2.21
|
0.027
|
-.2037765
|
-.0122009
|
|
|
L1.
|
|
|
-.6637439
|
.2391403
|
-2.78
|
0.006
|
-1.13245
|
-.1950375
|
|
L2. ccmlt
|
|
|
|
.2190201
|
.2865516
|
0.76
|
0.445
|
-.3426107
|
.7806509
|
|
|
L1.
|
|
|
.0247645
|
.08519
|
0.29
|
0.771
|
-.1422049
|
.1917339
|
|
L2.
tir
|
|
|
|
.2732666
|
.1277129
|
2.14
|
0.032
|
.0229539
|
.5235793
|
|
|
L1.
|
|
|
.4988837
|
.1493809
|
3.34
|
0.001
|
.2061025
|
.7916649
|
|
L2.
dum
|
|
|
|
.0601948
|
.1638412
|
0.37
|
0.713
|
-.260928
|
.3813175
|
|
|
L1.
|
|
|
-1.199997
|
2.154354
|
-0.56
|
0.578
|
-5.422454
|
3.02246
|
|
L2.
|
|
|
5.688848
|
1.862974
|
3.05
|
0.002
|
2.037486
|
9.34021
|
|
|
_ cons
|
|
|
8.865309
|
6.595052
|
1.34
|
0.179
|
-4.060756
|
21.79137
|
|
|
+
|
|
|
|
|
|
|
Relation Banque-Entreprise et croissance économique
au Cameroun
101
LES GRAPHIQUES DES SERIES
_PIBR
|
20 15 10 5 0 -5
-10
|
|
|
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10
|
_CCMLT
|
35 30 25 20 15 10
5
|
|
|
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10
|
24
22
20
18
16
14
12
10
24
22
20
18
16
14
12
_MM
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10
TIR
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10
102
Relation Banque-Entreprise et croissance économique
au Cameroun
103
Relation Banque-Entreprise et croissance économique
au Cameroun
Annuaire DGTCFM
Banques agréées au Cameroun en
2013
|
RAISON SOCIALE
|
SIGLE
|
ADRESSE
|
BOITE POSTALE
|
LOCALITE
|
TELEPHONE (+237)
|
FAX (+237)
|
|
|
|
|
|
22.23.30.68
|
22.22.17.85
|
|
Afriland First Bank
|
AFB
|
Place de
l'indépendance
|
11834
|
Yaoundé
|
|
|
|
|
|
|
|
22.22.58.37
|
22.23.91.50
|
|
|
Avenue de
|
|
|
33.43.20.55
|
33.43.20.46
|
|
Banque Atlantique
|
BA
|
Gaulle(place
|
2705
|
Douala
|
|
|
|
|
Joss)
|
|
|
33.43.20.49
|
33.43.20.48
|
|
Banque Internationale
|
|
Avenue du
|
|
|
33.42.84.31
|
|
|
du Cameroun pour
|
BICEC
|
Général de
|
1925
|
Douala
|
|
33.42.12.26
|
|
l'Epargne et le Crédit
|
|
Gaulle
|
|
|
33.42.26.03
|
|
|
Citibank NA
|
|
|
|
|
33.42.42.72
|
|
|
Cameroun
|
|
96 Rue Flatters
|
4571
|
Douala
|
|
33.42.40.74
|
|
|
|
|
|
33.42.40.74
|
|
|
Commercial Bank of
|
|
Rue Joss
|
|
|
|
33.43.38.00
|
|
Cameroon
|
CBC
|
Bonanjo
|
4004
|
Douala
|
33.42.02.02
|
|
|
|
|
|
|
|
33.42.38.02
|
|
Crédit Agricole SCB
|
CA
|
220, Avenue
|
|
|
22.23.40.05
|
22.22.41.32
|
|
Cameroun
|
SCB
|
Mgr Vogt
|
700
|
Yaoundé
|
|
|
|
|
|
|
|
22.22.88.99
|
22.22.88.05
|
|
|
|
|
|
33.43.82.51
|
|
|
Ecobank Cameroun SA
|
EBC
|
Boulevard de la liberté
|
582
|
Douala
|
|
33.42.15.19
|
|
|
|
|
|
33.42.15.08
|
|
|
|
|
|
|
22.22.87.80
|
|
|
National Financial Credit
|
NFC
|
Immeuble Hajal Massad
|
6578
|
Yaoundé
|
|
22.22.87.81
|
|
|
|
|
|
22.22.87.83
|
|
|
Standard Chartered
|
|
|
|
|
33.43.52.00
|
|
|
Bank Cameroun
|
|
Rue Joffre
|
|
Douala
|
|
33.42.27.89
|
|
|
|
|
|
33.42.52.52
|
|
|
Société Générale des
|
|
|
|
|
33.42.70.10
|
33.42.87.72
|
|
Banques du
|
SGBC
|
Rue jOSS
|
4042
|
Douala
|
|
|
|
Cameroun
|
|
|
|
|
33.42.80.75
|
33.42.71.32
|
|
Union Bank of
|
|
Immeuble
|
|
|
33.42.25.08
|
33.42.24.51
|
|
Cameroon
|
UBC
|
Kassap
|
15569
|
Douala
|
|
|
|
|
|
|
|
33.43.64.03
|
33.42.93.75
|
|
United Bank For Africa
|
UBA
|
Boulevard de la Liberté-Akwa
|
2088
|
Douala
|
33.43.36.83
33.43.36.39
|
33.43.37.07
|
Relation Banque-Entreprise et croissance économique
au Cameroun
104
| 
