Exports have continued
to play an important role in the economy of many developing countries. In this
way the level of economic growth, employment and the balance of payments can be
promoted. In Cameroon, the government has initiated several trade policy
reforms aimed at promoting the export sector. This notwithstanding the
country’s share in total world exports remains very low. Given the central role
of exports in the economy, it was important to identify the plausible factors
affecting export flows between Cameroon and her trading partners using an
augmented gravity trade model. The panel dataset used covered a period from
1995 to 2014. The results showed that Cameroon’s GDP, importer’s GDP, real
exchange rate, population and official common language had a positive and
statistically significant effect on Cameroon’s exports. The study further
showed that the distance between Cameroon and its trading partners had a
negative and statistical significant effect on export flows. These results
provide some policy insights which can enhance trade and foster economic
growth, notably improvement in infrastructural development which is linked to
transportation cost.
Showing posts with label Cocoa Santchou-Cameroon. Show all posts
Showing posts with label Cocoa Santchou-Cameroon. Show all posts
Monday, September 9, 2019
Friday, August 30, 2019
PERTINENCE OF SOCIAL CAPITAL IN THE ENHANCEMENT OF COCOA PRODUCTION IN SANTCHOU, CAMEROON
The importance of
social capital is another new stylized fact in promoting agriculture. The study
has as objective to examine the impact of social capital in the enhancement of
cocoa production and to determine the challenges faced by cocoa producers in
Santchou. Methodologically, we have constructed a social capital index through
the application of Multiple Correspondence Analyses using primary data
collected within the Santchou cocoa zone and the probit model is used for
regression estimates. The result revealed a strong correlation between social
capital and cocoa production, while the level of education, sex, marital
status, financial status, experience in faming, household size and agricultural
training are strongly corroborating with the determinants of social capital. In
addition, farm size, level of education, application of farm inputs (pesticides
and fertilizers), modern equipment, climate change, access to credit and land
tenure system were observed to be the major challenges faced by cocoa farmers
in Santchou. We suggest that cocoa farmer’s social network should be improved
to enable them easily get assistant when necessary.
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