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Export-Led Policy, Agricultural, Industrial, and Financial Sectors Growth in Cameroon

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  • Divine B. Fondem
  • Yongli Luo

Abstract

This paper investigates the relationship between export and sectoral growth in Cameroon. The study retrieves time series data from the World Bank database during 1970-2021 . It applies the unit roots test, the Johansen cointegration test, and vector error correction model to investigate the long-run relationship between export expansion and sectoral growth. The results indicate that the long-run relationship exists between export and agricultural, industrial, as well as financial sectors' growth in Cameroon. The impulse response function clearly shows that a unique shock to export would positively affect sectoral growth. In general, it suggests that the export-led policy will eventually enhance the economic growth and development in the agricultural, industrial, and financial sectors in Cameroon.

Suggested Citation

  • Divine B. Fondem & Yongli Luo, 2023. "Export-Led Policy, Agricultural, Industrial, and Financial Sectors Growth in Cameroon," Business and Economic Research, Macrothink Institute, vol. 13(4), pages 123-141, December.
  • Handle: RePEc:mth:ber888:v:13:y:2023:i:4:p:123-141
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    File URL: https://www.macrothink.org/journal/index.php/ber/article/view/21373
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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