IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-05100823.html
   My bibliography  Save this paper

Does the Development of Financial Services Improve Export Diversification? The Case of the Cemac Zone

Author

Listed:
  • Dimala Olivier

    (Faculty of Economics and Applied Management, University of Douala, Cameroon.)

  • Mekanda Eto'O Jean Steve

    (Faculty of Economics and Applied Management, University of Douala, Cameroon.)

  • Wepaguiewe Armel Romaric

    (Faculty of Economics and Management, University of Yaoundé II, Cameroon.)

  • Medjo Nna Sinclair

    (Faculty of Economics and Applied Management, University of Douala, Cameroon.)

  • Tsomb Tsomb Etienne Inedit Blaise

    (Faculty of Economics and Applied Management, University of Douala, Cameroon.)

Abstract

Aims: The main objective of this paper is to analyze the effect of financial services development on export diversification in the countries of the Economic Community of Central African States. Methodology: We applied the two stage least squares estimation method on a panel model to capture the effects of financial services on Theil's export concentration index. The sample comprises five countries observed over the period from 2007 to 2022. Results: The results show that, the development of financial services and the increase in intra-regional trade in this community promote export diversification. In addition, increased investment and access to electricity are key to export diversification in this region. Recommendation and conclusion: Hence the need for these countries to implement policies conducive to trade liberalization and investment promotion in the CEMAC zone. Economic liberalization and investment development are essential to export diversification.

Suggested Citation

  • Dimala Olivier & Mekanda Eto'O Jean Steve & Wepaguiewe Armel Romaric & Medjo Nna Sinclair & Tsomb Tsomb Etienne Inedit Blaise, 2024. "Does the Development of Financial Services Improve Export Diversification? The Case of the Cemac Zone," Post-Print hal-05100823, HAL.
    • Handle: RePEc:hal:journl:hal-05100823
    DOI: 10.9734/jemt/2024/v30i81230
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-05100823. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.