Role of Timber Trade to Economic Growth and Development:Case of Cameroon 1990-2015
- 주제(키워드) Business
- 발행기관 아주대학교
- 지도교수 SUNG HWAN KIM
- 발행년도 2017
- 학위수여년월 2017. 8
- 학위명 석사
- 학과 국제대학원 국제통상학과
- 실제URI http://www.dcollection.net/handler/ajou/000000025397
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
This paper titled”The Role of Timber Trade in Economic Growth and Development: The Case of Cameroon 1990-2015”, investigates the role of timber trade to the economic development Cameroon from 1990-2015. Using the Cobb Douglas Production model and the Heckscher-Ohlin model, corroborated with regression analysis this work investigates the relationship between Gross capital formation, total labour force, foreign earnings, import of goods and services and trade openness. Timber is one of the main export commodities of Cameroon and being an agricultural product, revenue generated from its export has fluctuated within this period of study because of external market volatilities. This morose situation has been exacerbated be the fact that most of the timber is exported in without any significant transformation to add value. This study has revealed that gross capital formation, and labour force have the potential to positively influence growth in output of timber and thus generate wealth, but this potential is eroded by lower earnings generated from the timber sector, and thus timber trade has an insignificant contributed to the economic growth and development of Cameroon with the period of study. The Cameroonian authorities have been called upon to implements policies that will induce investment in the timber sector and to also diversify the economy by developing the tertiary sector to mitigate volatilities in the prices of export of natural resources, such as timber.
more목차
CHAPTER ONE: INTRODUCTION 1
1.1 Background 1
1.2 Statement of the Research Problem 2
1.3 Objective of Study 2
1.4 Justification of study. 3
1.5 Research Hypotheses 3
1.6 Limitation of Study. 3
CHAPTER TWO: LITERATURE REVIEW AND THEORITICAL FRAMEWORK. 4
2.1 Introduction. 4
2.2 Literature Review 4
2.3 Theoretical Framework 8
2.3.1 Concept of Economic Growth and Development. 8
2.3.1.1 Economic Growth. 8
2.3.1.2 Economic Development. 8
2.3.1.3 Economic Growth without Development. 9
2.3.1.4 Factors affecting Economic Growth. 10
2.4 Growth Theory. 11
2.4.1 Cobb-Douglas Production Model. 11
2.4.1.1 Output Elasticity 13
2.4.1.2 Returns to Scale 13
2.5 Overview of the Cameroon Timber sector . 15
2.5.1 Heckscher-Ohlin Model 15
CHAPTER THREE: RESEARCH METHODOLOGY 28
3.1 Introduction. 28
3.2 Model Specification 28
3.3 Methods of Estimation 29
3.4 Evaluation Criteria 30
3.4.1 Economic A Priori Criteria 30
3.4.2 Statistical Test 31
3.4.2.1 Coefficient of Determination 31
3.4.2.2 T-Test. 31
3.4.2.3 F-Test. 32
3.4.2.4 Multicollinearity Test 32
3.5 Data Collection 32
CHAPTER FOUR: RESULTS AND DISCUSSION. 41
CHAPTER FIVE: CONCLUSION AND RECOMMENDATIONS. 43
5.1 Conclusion 43
5.2. Recommendations 43
REFERENCES. 45
APPENDICES 49
