Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy
This study examines the extent to which the market for PhDs in the sciences can impact economic returns in Cameroon. The specific objectives address the demand and supply for PhDs and the challenges encountered by these PhDs in the labour market. An ordinal regression model is used to assess the eff...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-11-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023088874 |
| _version_ | 1797429855321587712 |
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| author | Sophie E. Etomes, PhD Ernest L. Molua, PhD |
| author_facet | Sophie E. Etomes, PhD Ernest L. Molua, PhD |
| author_sort | Sophie E. Etomes, PhD |
| collection | DOAJ |
| description | This study examines the extent to which the market for PhDs in the sciences can impact economic returns in Cameroon. The specific objectives address the demand and supply for PhDs and the challenges encountered by these PhDs in the labour market. An ordinal regression model is used to assess the effect of the demand and supply of PhD on economic returnsin Cameroon. The findings reveal a direct and significant relationship between the market for PhDs and economic benefits with respect to years of schooling, experience, sector of employment, abilities of PhD holders and the number of PhD holders in the study area. There is also evidence that the demand for PhDs is high in academia than in industries. Indeed, most PhDs find careers in academia than in the industry due to a mismatch of skills between the demand for skills in industry and the supply of skills by higher education institutions. We propose some recommendations on how to improve the market for PhDs in Cameroon and similar African economies. |
| first_indexed | 2024-03-09T09:18:55Z |
| format | Article |
| id | doaj.art-7d2dc7e705344347bb7d2e14b8f9854b |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-09T09:18:55Z |
| publishDate | 2023-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-7d2dc7e705344347bb7d2e14b8f9854b2023-12-02T07:03:47ZengElsevierHeliyon2405-84402023-11-01911e21679Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economySophie E. Etomes, PhD0Ernest L. Molua, PhD1Department of Educational Foundation and Administration, Faculty of Education, University of Buea, Cameroon; Corresponding author.Department of Agricultural Economics and Agribusiness, Faculty of Agriculture and Veterinary Medicine, University of Buea, Cameroon; Centre for Independent Development Research (CIDR), Buea, Southwest Region, CameroonThis study examines the extent to which the market for PhDs in the sciences can impact economic returns in Cameroon. The specific objectives address the demand and supply for PhDs and the challenges encountered by these PhDs in the labour market. An ordinal regression model is used to assess the effect of the demand and supply of PhD on economic returnsin Cameroon. The findings reveal a direct and significant relationship between the market for PhDs and economic benefits with respect to years of schooling, experience, sector of employment, abilities of PhD holders and the number of PhD holders in the study area. There is also evidence that the demand for PhDs is high in academia than in industries. Indeed, most PhDs find careers in academia than in the industry due to a mismatch of skills between the demand for skills in industry and the supply of skills by higher education institutions. We propose some recommendations on how to improve the market for PhDs in Cameroon and similar African economies.http://www.sciencedirect.com/science/article/pii/S2405844023088874Higher educationPhD marketEconomic returnsDemand for PhDsSupply of PhDs |
| spellingShingle | Sophie E. Etomes, PhD Ernest L. Molua, PhD Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy Heliyon Higher education PhD market Economic returns Demand for PhDs Supply of PhDs |
| title | Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy |
| title_full | Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy |
| title_fullStr | Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy |
| title_full_unstemmed | Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy |
| title_short | Analysis of the market for Doctor of Philosophy (PhD) and economic returns in Cameroon: An archetypical African economy |
| title_sort | analysis of the market for doctor of philosophy phd and economic returns in cameroon an archetypical african economy |
| topic | Higher education PhD market Economic returns Demand for PhDs Supply of PhDs |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023088874 |
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