Time Series Analysis of Manufacturing Industry Labour Productivity and Economic Growth: The Case of Cameroon 1990-2019
Journal Title: Peninsulares International Journal of Innovations and Sustainability - Year 2024, Vol 2, Issue 2
Abstract
This research, conducted with meticulous rigor, aims to investigate the impact of labor productivity in the manufacturing industry on Cameroon's economy over the past 30 years (1990-2019). The study, which relies on robust data from the World Bank Development Indicators (2020) and the International Labour Organization Office (2020), employs multiple linear regressions and econometric analysis. The statistically significant findings reveal that increased labor productivity in the manufacturing industry leads to a rise in real GDP. However, the results also indicate that between 1990 and 2019, labor productivity had a positive but insignificant impact on economic growth in Cameroon. In light of these findings, the paper proposes policy implementations that could significantly influence labor productivity's role in Cameroon's economic development, offering a promising future for the country.
Authors and Affiliations
Kristine Joy S. Simpao, Kenneth Bah
Keywords
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