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

Author

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  • 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.)

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.

Suggested Citation

  • Guy Merlain DJAKOU & & Professor Xuemei Jiang, 2022. "The Role of Industrialization on Economic Growth: Case of Cameroon from 1986-2020," International Journal of Science and Business, IJSAB International, vol. 13(1), pages 01-14.
    • Handle: RePEc:aif:journl:v:13:y:2022:i:1:p:1-14
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