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

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.