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The Impact of Timber Exports on Economic Growth in Cameroon: An Econometric Investigation

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  • Njimanted Godfrey Forgha
  • Nkwetta Ajong Aquilas

Abstract

Cameroon, one of the most likely natural resources-based economies in Africa rely on its natural resource exports for growth. With the fall in international oil prices in Cameroon in the late 1980’s, timber resources emerged as one of the major sources of foreign earnings.Since then, statistics reveal that timber exports have grown in volume,constitutinglargely of unprocessed and semi-processed wood products, with little value-added. This study, therefore examines the impact of timber export on economic growth in Cameroon over 34 years (1980 to 2014 inclusive) using time series data from the Food and Agricultural Organization and World Development Indicators. Using the Johansen Cointegration and Error Correction Modelling, the results show that timber export have an insignificant effect on the economic growth of Cameroon in the short run and in the long run it has a significant positive effect. We therefore recommend the increased consumption of locally-manufactured wood products, limitation of imported manufactured wood products, as well as encouraging the establishment of locally-based wood processing industries.

Suggested Citation

  • Njimanted Godfrey Forgha & Nkwetta Ajong Aquilas, 2015. "The Impact of Timber Exports on Economic Growth in Cameroon: An Econometric Investigation," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 3(3), pages 46-60.
    • Handle: RePEc:asi:ajemod:v:3:y:2015:i:3:p:46-60:id:837
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    Cited by:

    1. Sayef Bakari & Sofien Tiba, 2022. "Agricultural Exports, Agricultural Imports And Economic Growth In China," Journal of Smart Economic Growth, , vol. 7(3), pages 35-61, September.
    2. Sayef Bakari & Mohamed Mabrouki, 2017. "The Effect Of Agricultural Exports On Economic Growth In South-Eastern Europe: An Empirical Investigation Using Panel Data," Journal of Smart Economic Growth, , vol. 2(4), pages 49-64, December.
    3. Bakari, Sayef & Sofien, Tiba, 2019. "Does Agricultural Trade promote Chinese economic growth? ARDL Approach," MPRA Paper 94614, University Library of Munich, Germany.
    4. Innocent.U.Duru & Peter Siyan, 2019. "Empirical Investigation of Exports and Economic Growth: Evidence from Sane Countries, 1980-2016," Asian Development Policy Review, Asian Economic and Social Society, vol. 7(4), pages 318-354, December.

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