Commerce, finance et croissance économique au Cameroun
[Commerce, finance and economics growth in Cameroun]
This paper examine the impact of finance, mesured by a composite indicator of financial development, and the trade, mesured by the openness, on the economic growth. It uses annual data over the periode 1979-2004 and apply the bound testing approach of cointegration advanced by Pesaran and al (2001). This approch have many advantages, especially when there are not enough observations. The empirical findings suggest that at long run, financial development play an important role in enhancing economic growth whereas the openness seems braking the economic growth. There exist also a short run relations, even slow, which assure adjustment towards long-run equilibrium. Elsewhere, the remunerative interest rate of the saving has a negative impact on economic growth, both at short run and long run.
|Date of creation:||10 Feb 2009|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Muhammad Arshad Khan & Muhammad Abdul Qayyum, 2007. "Trade, Financial and Growth Nexus in Pakistan," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-24, December.
- Kelly, Roger & Mavrotas, George, 2003. "Financial Sector Development - Futile or Fruitful? An Examination of the Determinants of Savings in Sri Lanka," WIDER Working Paper Series 014, World Institute for Development Economic Research (UNU-WIDER).
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:17737. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.