The Role of Industrialization on Economic Growth: Case of Cameroon from 1986-2020

Guy Merlain DJAKOU & and Professor Xuemei Jiang
Additional contact information
Guy Merlain DJAKOU &: School of Economics, Capital University of Economics and Business (CUEB), Beijing, China.
Professor Xuemei Jiang: School of Economics, Capital University of Economics and Business (CUEB), Beijing, China.

International Journal of Science and Business, 2022, vol. 13, issue 1, 01-14

Abstract: This paper studies the impact of industrialization on Cameroon’s economic growth from 1986 to 2020. The main goal of the study is to explore the impact of industrialization on Cameroon’s economic growth. The study adopted a vector error correction model, taking the proportion of manufacturing in the total national economy as a representative variable of industrialization, and discussing its impact on GDP growth. The control variables used include capital and labor. The data used in this article was collected from official statistical agencies such as Cameroon and the World Bank and using the new classic theory and Kaldor theory for analysis. The results of the model show that the increase in the share of manufacturing in the GDP will significantly promote Cameroon’s economic growth. Therefore, this paper recommends that the government establish new policy measures to stimulate industrial production and ensure sustainable development.

Keywords: Economic growth; Industrialization; Cameroon; VEC; Kaldor theory. (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ijsab.com/wp-content/uploads/941.pdf (application/pdf)
https://ijsab.com/volume-13-issue-1/4882 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aif:journl:v:13:y:2022:i:1:p:1-14

Access Statistics for this article

International Journal of Science and Business is currently edited by Dr. Md Shamim Hossain

More articles in International Journal of Science and Business from IJSAB International
Bibliographic data for series maintained by Farjana Rahman ().