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Commerce, finance et croissance économique au Cameroun

Alia, Didier and Chassem Tchatchum, Nacisse Palissy (2009): Commerce, finance et croissance économique au Cameroun.

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Abstract

This paper examine the impact of finance, mesured by a composite indicator of financial development, and the trade, mesured by the openness, on the economic growth. It uses annual data over the periode 1979-2004 and apply the bound testing approach of cointegration advanced by Pesaran and al (2001). This approch have many advantages, especially when there are not enough observations. The empirical findings suggest that at long run, financial development play an important role in enhancing economic growth whereas the openness seems braking the economic growth. There exist also a short run relations, even slow, which assure adjustment towards long-run equilibrium. Elsewhere, the remunerative interest rate of the saving has a negative impact on economic growth, both at short run and long run.

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