The Impact of Structural Change on the Economic Development of CEMAC Member States: A Comparative Analysis of Congo and Cameroon

摘要

This research focuses on the relationship between structural change and eco nomic 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 posi tive 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).