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Globalization and Economic Growth in CEMAC: The Role of Complementarities

Mbiankeu Nguea, Stéphane (2019): Globalization and Economic Growth in CEMAC: The Role of Complementarities.

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Abstract

This study provides an empirical assessment of the relationship between economic globalization and economic growth. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. Based on CEMAC countries for the period from 1970 to 2015, analyses were performed using panel data regressions. In line with previous economic research, the findings indicate that the impact of economic globalization on economic growth in CEMAC is positive and significant. The results also show that the impact of economic globalization in CEMAC countries does not depend on the level of democracy and financial development.

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