Cameroon: structural analysis of economy on the basis of a sector approach

The article is devoted to the structure of Cameroon’s economy. It’s substantiated that the sectoral structure of the economy allows assessment not only the economic growth but economic development as well. The Cameroon’s national economy involves a large-scale sector of informal employment, including business activities without state registration. The main object of research is the formal component of the country’s economy. The research uses the data from the National Institute of Statistics of Cameroon. General sectoral model of national economy is described. The study is based on a three-sector model of the economy. The differences between the model used in Cameroon and the traditional version and the internal structure of each sector are revealed. An analysis of the sector structure in terms of the number of enterprises and their turnover in dynamics is carried out. The effectiveness of creating new legal entities is assessed through the coefficients of the turnover elasticity by the number of businesses. Relations between formal and informal components of economy are revealed. The estimation of indicators characterizing labor productivity is given. The structure of the formal sector of the Cameroon’s economy is assessed from the standpoint of its correspondence to the contemporary technological level. It was found that the share of the formal component in the Cameroon’s economy increased. Some provisions related to the presence of the foreign capital are formulated. The results of the study may be useful for researchers studying the economy of African countries and to policymakers responsible for the efficiency of national economy.

Keywords

Cameroon’s economy, economic structure, three-sector economic model, informal economy, employment structure, labor productivity

Publication date

27.08.2020

Number of characters

13850

Cite

GOST	Somga Bitchoga N. Cameroon: structural analysis of economy on the basis of a sector approach // Asia and Africa Today – 2020. – Issue 7 C. 55-60 [Electronic resource]. URL: https://asaf-today.ru/S032150750010105-7-1 (circulation date: 19.04.2024). DOI: 10.31857/S032150750010105-7
MLA	Somga Bitchoga, Nicolas François "Cameroon: structural analysis of economy on the basis of a sector approach." Asia and Africa Today 7 (2020):55-60. DOI: 10.31857/S032150750010105-7
APA	Somga Bitchoga N. (2020). Cameroon: structural analysis of economy on the basis of a sector approach. Asia and Africa Today (7), pp.55-60 DOI: 10.31857/S032150750010105-7

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