%0 Journal Article
%T The Impact of Structural Change on the Economic Development of CEMAC Member States: A Comparative Analysis of Congo and Cameroon
%A Maixent Loubassou Nganga
%J Theoretical Economics Letters
%P 338-362
%@ 2162-2086
%D 2021
%I Scientific Research Publishing
%R 10.4236/tel.2021.112023
%X This research focuses on the relationship between
structural change and eco<span style=\"font-family:Verdana;\">nomic development.
Its objective is to examine how shocks to production</span><span style=\"font-family:Verdana;\"> structures affect
economic development in Cameroon and Congo. To achieve </span><span style=\"font-family:Verdana;\">this objective, we apply the SVAR methodology by mobilizing the World </span><span style=\"font-family:Verdana;\">Bank
database over the period 1975 to 2017. The results of the estimates indicate </span><span style=\"font-family:Verdana;\">that in the long term, for both CEMAC countries,
the service sector has a</span><span style=\"font-family:Verdana;\"> posi</span><span style=\"font-family:Verdana;\">tive
effect on economic development, while the agricultural and industrial</span><span style=\"font-family:Verdana;\"> sectors have a negative impact on economic development. The main lesson </span><span style=\"font-family:Verdana;\">learned from this work is that CEMAC authorities
should promote, at the</span><span style=\"font-family:Verdana;\"> subregional level, policies to facilitate and
further develop services, including through public-private partnerships (PPPs).</span>
%K Structural Change
%K Economic Development
%K SVAR
%K CEMAC
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=108543