AJOU Central Library Repository: Impact of International Trade On Economic Growth of Developing Countries (Cameroon)

Impact of International Trade On Economic Growth of Developing Countries (Cameroon)

Keyword: Gross Domestic product; Economic Growth; Co-integration; Foreign Direct Investment; Remittance money per capital; Gross capital formation; Openness to trade and Inflation.

Alternative Abstract: The main objective of the present analysis is to explore and quantify the contribution of Foreign trade to economic growth in Cameroon. It employs an extended generalized model, using Goss Domestic product (GDP) data from the World Bank Data and International Monetary Fund (IMF) from 1980 to 2014. The findings of the study show that foreign trade has mixed effect on economic growth in Cameroon. Export, remittance money per capita, Gross capital formation and foreign direct investment has a positive and significant relationship with economic growth. On the other hand, Openness to Trade and Inflation, have a negative and insignificant effect on economic growth. Based on our findings, it is recommended that policies aimed at increasing the productivity and quality of goods and services should be implemented in order to increase export. Also additional value should be added on exported goods and Services, remittance money per capita, gross capital formation and foreign direct investment and When this is done, it will lead to a higher rate of economic growth in Cameroon. Theories reviewed includes; Theory of absolute advantage, theory of comparative, Hechscher- Ohlin theory model, Solow model of economic growth.

Appears in Collections:: Special Graduate Schools > Graduate School of International Studies > Department of International Trade > International Trade > 3. Theses(Master)

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