Modeling External-Factors-Led Growth Hypothesis in Cameroon
This study was out to examine the external determinants of economic growth in Cameroon from 1986 to 2019. Studies on external-factors-led growth hypothesis in Cameroon are narrow and limited. This study provides a new intuition into key external factor variables affecting growth. The autoregressive...
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| Format: | Article |
| Language: | English |
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Visayas Socio-Economic Research and Data Analytics Center
2023-08-01
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| Series: | Review of Socio-Economic Research and Development Studies |
| Subjects: | |
| Online Access: | https://reserds.vsu.edu.ph/volume-7-no-1-2023-paper-1/ |
| _version_ | 1797629278428332032 |
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| author | Betrand Ewane Enongene |
| author_facet | Betrand Ewane Enongene |
| author_sort | Betrand Ewane Enongene |
| collection | DOAJ |
| description | This study was out to examine the external determinants of economic growth in Cameroon from 1986 to 2019. Studies on external-factors-led growth hypothesis in Cameroon are narrow and limited. This study provides a new intuition into key external factor variables affecting growth. The autoregressive distributive lag (ARDL) bound test and error correction model (ECM) approach were used to answer the research questions. The result revealed that personal remittance, foreign direct investment (FDI), and foreign aid positively and significantly affect economic growth in both the short and long run while the exchange rate negatively and significantly affect economic growth in the short run but positively and significantly impact growth in the long run. The study indicates that external factors can be a great engine of growth if the government initiates proper foreign policies. |
| first_indexed | 2024-03-11T10:52:04Z |
| format | Article |
| id | doaj.art-672770f4ca924a7d9e15b6b6bde19d22 |
| institution | Directory Open Access Journal |
| issn | 2599-5464 2718-9694 |
| language | English |
| last_indexed | 2024-03-11T10:52:04Z |
| publishDate | 2023-08-01 |
| publisher | Visayas Socio-Economic Research and Data Analytics Center |
| record_format | Article |
| series | Review of Socio-Economic Research and Development Studies |
| spelling | doaj.art-672770f4ca924a7d9e15b6b6bde19d222023-11-13T16:44:02ZengVisayas Socio-Economic Research and Data Analytics CenterReview of Socio-Economic Research and Development Studies2599-54642718-96942023-08-0171121https://doi.org/10.5281/zenodo.10108961Modeling External-Factors-Led Growth Hypothesis in CameroonBetrand Ewane Enongene0 University of Buea, Molyko Buea, South West PO Box 63 Buea, Cameroon This study was out to examine the external determinants of economic growth in Cameroon from 1986 to 2019. Studies on external-factors-led growth hypothesis in Cameroon are narrow and limited. This study provides a new intuition into key external factor variables affecting growth. The autoregressive distributive lag (ARDL) bound test and error correction model (ECM) approach were used to answer the research questions. The result revealed that personal remittance, foreign direct investment (FDI), and foreign aid positively and significantly affect economic growth in both the short and long run while the exchange rate negatively and significantly affect economic growth in the short run but positively and significantly impact growth in the long run. The study indicates that external factors can be a great engine of growth if the government initiates proper foreign policies.https://reserds.vsu.edu.ph/volume-7-no-1-2023-paper-1/economic growthexchange rateforeign aidfdiremittancescameroon |
| spellingShingle | Betrand Ewane Enongene Modeling External-Factors-Led Growth Hypothesis in Cameroon Review of Socio-Economic Research and Development Studies economic growth exchange rate foreign aid fdi remittances cameroon |
| title | Modeling External-Factors-Led Growth Hypothesis in Cameroon |
| title_full | Modeling External-Factors-Led Growth Hypothesis in Cameroon |
| title_fullStr | Modeling External-Factors-Led Growth Hypothesis in Cameroon |
| title_full_unstemmed | Modeling External-Factors-Led Growth Hypothesis in Cameroon |
| title_short | Modeling External-Factors-Led Growth Hypothesis in Cameroon |
| title_sort | modeling external factors led growth hypothesis in cameroon |
| topic | economic growth exchange rate foreign aid fdi remittances cameroon |
| url | https://reserds.vsu.edu.ph/volume-7-no-1-2023-paper-1/ |
| work_keys_str_mv | AT betrandewaneenongene modelingexternalfactorsledgrowthhypothesisincameroon |