The CEMAC’s countries are characterized by a weak diversification of their products and exports. Their economic performances are thus dependent of the activities of vulnerable sectors, and in general of the production of one or some raw materials. In fact, in spite of the growth of the weight of the exports of goods in the wealth creation during the period 1987 - 2006, with as corollary an accentuation of the openness, the exported products are stayed quasi-identical on the whole period. Besides, it is evident from the macro-econometrics modelling that the most explanatory factors of the diversification are i) the budgetary balance (macroeconomic variable), ii) the degree of commercial openness (political variable), and iii) the rate of investment (physical variable). These results show that all these variables are rather likely to encourage the concentration.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
9602.
Find related papers by JEL classification: F10 - International Economics - - Trade - - - General F14 - International Economics - - Trade - - - Country and Industry Studies of Trade F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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