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MARC
논문명/저자명
The impact of international trade on the economic growth of developing countriesCameroon / Kodjio Elodie Djoumessi 인기도
발행사항
수원 : 아주대학교 국제대학원, 2018.2
청구기호
TM 382 -18-140
형태사항
vi, 52 p. ; 26 cm
자료실
전자자료
제어번호
KDMT1201815532
주기사항
학위논문(석사) -- 아주대학교 국제대학원, 국제통상학과, 2018.2. 지도교수: Kim Han Sung
원문

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Title Page

ABSTRACT

Contents

LIST OF ABREVIATION 8

CHAPTER ONE. INTRODUCTION 11

1.1. Background 11

1.2. Motivation of study 13

1.3. Statement of Problem 14

1.4. Research Question 16

1.5. Objective of the study 16

1.5.1. Main Objective 16

1.5.2. Specific Objective 16

1.6. Research Hypotheses 16

1.6.1. Variables 16

1.7. Significance of the study 17

CHAPTER TWO. RELATED LITERATURE AND THEORETICAL FOUNDATION 18

2.1. Theoretical Studies 18

2.1.1. The Adam Smith's theory of absolute advantage 18

2.1.2. Ricardian theory of comparative advantage 19

2.1.3. The Heckscher-Ohlin theory 20

2.2. Theories of Economic Growth 21

2.2.1. The Traditional Stage 21

2.2.2. Pre-Conditions to Take-Off 21

2.2.3. The Take-off Stage 22

2.2.4. The drive to maturity stage 22

2.2.5. The High Mass Consumption Stage 23

2.3. Harrod-Domar (HD) Model of Economic Growth 23

2.3.1. The closed economy; No trade economy 23

2.4. The Solow Growth Model 24

2.4.1. Savings and Investment 25

2.4.2. The Endogenous Growth Model 26

CHAPTER THREEE. MPIRICAL REVIEWS ON LITERATURE 27

3.1. Background of Study Area 29

3.1.1. Government Policies to Raise Long-Run Living Standards 30

3.2. RESEARCH METHODOLOGY 31

3.3. DATA COLLECTION 32

3.3.1. Variables used for data collection 32

CHAPTER FOUR. MODELS AND ANALYSIS 35

4.1. Analytical Method 35

4.2. Estimation Procedure 36

4.2.1. Examination of Stationarity and Non-stationarity of Variables 36

4.3. PRESENTATION AND INTERPRETATION OF RESULT 37

4.3.1. The Influence of Foreign Trade on the Economic Growth of Cameroon 37

4.3.2. The impact of export on economic growth of Cameroon 41

4.3.3. The impact of FDI on Cameroon's economic growth 42

4.3.4. The effect of gross capital formation on economic growth of Cameroon 42

4.3.5. The impact of inflation on economic growth 42

4.3.6. The Impact of remittance per capital on economic growth 42

4.3.7. The influence of External Debt 43

4.3.8. The effects of openness to trade 43

4.4. PROBLEMS ASSOCIATED WITH ECONOMIC GROWTH 43

CHAPTER FIVE. SUMMARY OF FINDINGS, CONCLUSIONS, RECOMMENDATIONS 45

5.1. Summary of Findings 45

5.2. Conclusion 46

5.3. Recommendations 46

5.4. Limitation of the study 47

REFERENCES 48

Appendix 52

Table 1.1. GDP GROWTH RATE 15

Table 4.1. correlation Matrix 37

Table 4.2. Lag Order selection 37

Table 4.3. Unit Root Test 38

Table 4.4. Cointegration Rank Test Result 38

Table 4.5. Results for Johansen test of Cointegration 39

Table 4.6. Test for short run relationship of variables 41

Table 4.7. Result 41

Fig 1.1. GDP Growth of Cameroon from 1960 - 2014 15

Fig 4.1. A graph showing normality test 39

Fig 4.2. Showing Stability of variables Test 40

초록보기 더보기

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.

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