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The contribution of human capital to the economic development of Cameroon, 1980-2018

Author

Listed:
  • Nkwetenang Conelius NGWOLEFACK

    (Department of Economics, Faculty of Economics and Management Sciences, The University of Bamenda, Cameroon)

  • Saidou Baba OUMAR

    (Department of Economics, Faculty of Economics and Management Sciences, The University of Bamenda, Cameroon)

Abstract

The paper examines the contribution of human capital to the economic development of Cameroon from 1980¬-2018. To achieve this objective, data were collected from World Bank Development Indicators, for Cameroon, covering the period of 1980-2018. The error correction mechanism model was used to analyse the data using STATA 14 econometric software package. The results show that human capital has a positive and significant relationship with economic development in Cameroon. The findings suggest that gross school enrolment and labour force participation had slowed down economic development in Cameroon. The study recommends that given a significant coefficient of human capital on economic development in Cameroon, the government should create an enabling environment to reinforce the implementation of gross school enrolment, health expenditure and labour force participation policies to accelerate the process of economic development in the country

Suggested Citation

  • Nkwetenang Conelius NGWOLEFACK & Saidou Baba OUMAR, 2021. "The contribution of human capital to the economic development of Cameroon, 1980-2018," Journal of Economics and Political Economy, EconSciences Journals, vol. 8(2), pages 158-172, June.
    • Handle: RePEc:cvv:journ1:v:8:y:2021:i:2:p:158-172
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    References listed on IDEAS

    as
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    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • D39 - Microeconomics - - Distribution - - - Other
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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