This research focuses on the relationship between
structural change and economic development.
Its objective is to examine how shocks to production structures affect
economic development in Cameroon and Congo. To achieve this objective, we apply the SVAR methodology by mobilizing the World Bank
database over the period 1975 to 2017. The results of the estimates indicate that in the long term, for both CEMAC countries,
the service sector has a positive
effect on economic development, while the agricultural and industrial sectors have a negative impact on economic development. The main lesson learned from this work is that CEMAC authorities
should promote, at the subregional level, policies to facilitate and
further develop services, including through public-private partnerships (PPPs).
References
[1]
Andrzejczak, K. (2017). Structural Transformation as Determinant of Growth in the Best Performing Sub-Saharan African States. Working Papers 160/2017, Institute of Economic Research.
[2]
Beqiraja, E., Fantib, L., & Zamparellia, L. (2019). Sectoral Composition of Output and the Wage Share: The Role of the Service Sector. Structural Change and Economic Dynamics, 51, 1-10. https://doi.org/10.1016/j.strueco.2019.06.009
[3]
Berglof, E., Lin, J. Y., & Radosevic, S. (2015). Transition Economics Meet New Structural Economics: Editorial. Journal of Economic Policy Reform, 18, 89-95.
https://doi.org/10.1080/17487870.2015.1013544
[4]
Blanchard, O., & Quah, D. (1989). The Dynamic Effects of Aggregate Demand and Supply Disturbances. American Economic Review, 79, 655-673. https://doi.org/10.3386/w2737
[5]
Calderon, C. (2009). Infrastructure and Growth in Africa. Policy Research Working Paper Series 4914, Washington DC: The World Bank.
https://doi.org/10.1596/1813-9450-4914
[6]
Communauté Economique et Monétaire de l’Afrique Centrale CEMAC (2004). Stratégieagricole communedes pays membres de la CEMAC. Document de travail.
[7]
De Vries, G. J., Erumban, A. A., Timmer, M. P., Voskoboynikov, I., & Wu, H. X. (2012). Deconstructing the BRICs: Structural Transformation and Aggregate Productivity Growth. Journal of Comparative Economics, 40, 211-227.
https://doi.org/10.1016/j.jce.2012.02.004
[8]
De Vries, G., Timmer, M. P., & De Vries, K. (2015). Structural Transformation in Africa: Static Gains, Dynamic Losses. The Journal of Development Studies, 51, 674-688.
https://doi.org/10.1080/00220388.2014.997222
[9]
Dietrich, A. (2012). Does Growth Cause Structural Change, or Is It the Other Way Around? A Dynamic Panel Data Analysis for Seven OECD Countries. Empirical Economics, 43, 915-944. https://doi.org/10.1007/s00181-011-0510-z
[10]
Domar, E. (1946). Capital Expansion, Rate of Growth, and Employment. Econometrica, 14, 137-147. https://doi.org/10.2307/1905364
[11]
Dzaka-Kikouta, T., Bitemo Ndiwulu, X., & Loubassou Nganga, M. (2019). Biens publics et capital social: L’impact du role économique de l’Etat sur l’attractivité du territoire des PVD; épidence pour les pays pétroliers et miniersd’ Afrique centrale. Actes du Colloque in ternationalen Economie du Développement (The Proceedings), sur le thème: Politiquespu bliques de développementdans les pays d’AfriqueSubsaharienne. ATM et Université Alas sane Ouattara/Universitéinternationale de Rabat/Université du Luxembourg, Abidjan, 21-22 Mars 2019, 39-76.
[12]
Erumbana, A. A., Disc, D. K., Aggarwald, S., & Dasea, P. C. (2019). Structural Change and Economic Growth in India. Structural Change and Economic Dynamics, 51, 186-202.
https://doi.org/10.1016/j.strueco.2019.07.006
[13]
Fagerberg, J. (2000). Technological Progress, Structural Change and Productivity Growth: A Comparative Study. Structural Change and Economic Dynamics, 11, 393-411.
https://doi.org/10.1016/S0954-349X(00)00025-4
[14]
Fan, S., Zhang, X., & Robinson, S. (2003). Structural Change and Economic Growth in China. Review of Development Economics, 7, 360-377.
https://doi.org/10.1111/1467-9361.00196
[15]
Fonds Monetaire International (2015). Communauté économique et monétaire de l’Afrique Centrale. Rapport du FMI 15/222, Juilllet.
[16]
Gabas, J. J., Ribier, V., & Nubukpo, K. (2019). Quelle place pour l’agriculturedans les plans émergence des gouvernementsafricains? Dansl’émergenceen question: Marqueurs et dynamiques du développement. Les cahiers de l’association tiers-monde, 34, 47-51.
[17]
Gelb, A., Meyer, C., & Ramachandran, V. (2014). Development as Diffusion: Manufacturing Productivity and Africa’s Missing Middle. Washington DC: Center for Global Development. https://doi.org/10.35188/UNU-WIDER/2014/763-9
[18]
Ghani, G., & O’Connel, S. D. (2016). Les services peuvent-ilsdevenir un escalator de croissance pour les pays à faiblerevenu? Revenue d’économie du développement, 24, 143-173. https://doi.org/10.3917/edd.302.0143
[19]
Harrod, R. F. (1939). An Essay in Dynamic Theory. Economic Journal, 49, 14-33.
https://doi.org/10.2307/2225181
[20]
Jorgenson, D. W., & Timmer, M. P. (2011). Structural Change in Advanced Nations: A New Set of Stylised Facts. The Scandinavian Journal of Economics, 113, 1-29.
https://doi.org/10.1111/j.1467-9442.2010.01637.x
[21]
Kuznets, S. (1979). Growth and Structural Shifts. In W. Galenson (Ed.), Economic Growth and Structural Change in Taiwan. London: Cornell University Press.
[22]
Lewis, W. A. (1954). Economic Development with Unlimited Supplies of Labour. The Manchester School of Economic & Social Studies, 22, 139-191.
https://doi.org/10.1111/j.1467-9957.1954.tb00021.x
[23]
Lin, J. (2011). New Structural Economics: A Framework for Rethinking Development. World Bank Research Observer, 26, 193-221. https://doi.org/10.1093/wbro/lkr007
[24]
Lin, J. Y. (2012). New Structural Economics a Framework for Rethinking Development and Policy (371 p.). Washington DC: The World Bank.
[25]
Lin, J. Y. (2015). The Washington Consensus Revisited: A New Structural Economics Perspective. Journal of Economic Policy Reform, 18, 96-113.
https://doi.org/10.1080/17487870.2014.936439
[26]
McMillan, M., & Rodrik, D. (2011). Globalization, Structural Change, and Productivity Growth. NBER Working Paper, Cambridge: NBER. https://doi.org/10.3386/w17143
[27]
Meckl, J. (2002). Structural Change and Generalized Balanced Growth. Journal of Economics, 77, 241-266. https://doi.org/10.1007/s00712-002-0542-0
[28]
Naudé, W., Szirmai, A., & Haraguchi, N. (2015). Structural Change and Industrial Development in the BRICS. Oxford: Oxford University Press.
https://doi.org/10.1093/acprof:oso/9780198725077.001.0001
[29]
Ngai, R., & Pissarides, C. (2007). Structural Change in a Multisector Model of Growth. American Economic Review, 97, 429-443. https://doi.org/10.1257/aer.97.1.429
[30]
Padilla-Pérez, P., & Villarreal, F. (2017). Structural Change and Productivity Growth in Mexico, 1990-2014. Structural Change and Economic Dynamics, 41, 53-63.
https://doi.org/10.1016/j.strueco.2017.02.002
[31]
Robinson, S. (1971). Sources of Growth in Less-Developed Countries: A Cross-Section Study. Quarterly Journal of Economics, 85, 391-408. https://doi.org/10.2307/1885929
[32]
Rosenstein-Rodan, P. (1943). Problems of Industrialisation of Eastern and South-Eastern Europe. Economic Journal, 53, 202-211. https://doi.org/10.2307/2226317
[33]
Ruet, J. (2015). Les firmesindiennesdans la production mondiale, Etat, marchés, innovation et gouvernance du travail. In J. F. Huchet, X. Richet, & J. Ruet (Eds.), Chine, Inde: Les firmes enders au cœur de l’émergence. Presses Universitaires de Rennes.
https://doi.org/10.4000/books.pur.57886
[34]
Shapiro, M. D., & Watson, M. W. (1988). Sources of Business Cycle Fluctuations. Working Paper No. 2589, Cambridge, MA: National Bureau of Economic Research.
https://doi.org/10.3386/w2589
[35]
Sims, C. A. (1980). Macroeconomics and Reality. Econometrica, 48, 1-48.
https://doi.org/10.2307/1912017
[36]
Solow, R. (1956). A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70, 65-94. https://doi.org/10.2307/1884513
[37]
Sonobe, T., & Otsuka, K. (1997). Changing Industrial Structure and Economic Development: Prewar Japan Revisited. The Economics and Political Economy of Development at the Turn of the Century Conference in Memory of John C. H. Fei, Taipei.
[38]
Szirmai, A. (2013). Manufacturing and Economic Development. In A. Szirmai, W. Naude, & L. Alcorta (Eds.), Pathways to Industrialization in the 21st Century, New Challenges and Emerging Paradigms. Oxford: Oxford University Press.
https://doi.org/10.1093/acprof:oso/9780199667857.001.0001
[39]
Timmer, M. P., & Szirmai, A. (2000). Productivity Growth in Asian Manufacturing: The Structural Bonus Hypothesis Re-Examined. Structural Change and Economic Dynamics, 11, 371-391. https://doi.org/10.1016/S0954-349X(00)00023-0
[40]
Uhlig, H. (2005). What Are the Effects of Monetary Policy: Results from an Agnostic Identification Approach. Journal of Monetary Economics, 52, 381-419.
https://doi.org/10.1016/j.jmoneco.2004.05.007
[41]
Vu, K. M. (2017). Structural Change and Economic Growth: Empirical Evidence and Policy Insights from Asian Economies. Structural Change and Economic Dynamics, 41, 64-77. https://doi.org/10.1016/j.strueco.2017.04.002
