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Diversification économique en Afrique centrale : Etats des lieux et enseignements
[Economic diversification in central Africa]

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  • KAMGNA, Severin Yves

Abstract

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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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 9602.

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Date of creation: 02 Oct 2007
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Handle: RePEc:pra:mprapa:9602

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Keywords: Diversification; concentration; CEMAC;

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  1. Rodney Ramcharan, 2006. "Does Economic Diversification Lead to Financial Development? Evidence from Topography," IMF Working Papers 06/35, International Monetary Fund.
  2. A. Salehizadeh & Peter Berezin & Elcior Santana, 2002. "The Challenge of Diversification in the Caribbean," IMF Working Papers 02/196, International Monetary Fund.
  3. Gabriel Srour, 2006. "The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies," IMF Working Papers 06/50, International Monetary Fund.
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