Greener Journal of Social Sciences

Excellence and Timeliness


Choose Language


Chenaa and Kimengsi

Greener Journal of  Social Sciences Vol. 6 (1), pp. 011-018, January 2016

ISSN: 2276-7800 © 2016 GJSS

Research Paper

Manuscript Number: 090915129




Investigating the role of agriculture, industry and foreign direct Investment in Cameroon’s economic growth


Takwa Abonwi Chenaa1 & Jude Ndzifon Kimengsi2*


1Department of Economics and Management Sciences, Catholic University of Cameroon, (CATUC) Bamenda.

2Department of Geography & Environmental Studies, Catholic University of Cameroon, (CATUC) Bamenda.



The role of entrepreneurship in economic growth cannot be overemphasized. Entrepreneurship has the potentials of improving upon economic growth in Cameroon and for this to be possible, an enabling environment should be created to develop entrepreneurial activities for increased economic growth. Using value added by the agricultural and industrial sectors, and foreign direct investment (FDI), this study sought to assess the role of entrepreneurship on economic growth in Cameroon between 1975 and 2014. The coefficients (Ai) were estimated using the Ordinary Least Squares (OLS) techniques because of its BLUE (Best Linear Unbiased Estimator) property. The statistical (1st order) test was used to evaluate the combined influence of the independent variables. The coefficient of multiple determinations (adjusted R) was also used to determine the level of reliability of independent variables while the F-Statistics test was used to test for reliability of the estimates. The t-statistics was further used to test for the significance of the individual independent estimate. Using the statistical (1st order) test at 1%, 5% and 10% levels of significance, the results reveal that the coefficients of the value added by the agricultural sector, industrial sectors and FDI were all positive, indicating that entrepreneurial activities have the potential to improve upon economic growth in Cameroon.  It was also observed that at 1%, 5% and 10% levels of significance, there is a positive significant value added by entrepreneurship in the industrial sector to economic growth, while the agricultural sector and FDI had no significant value added by entrepreneurship to economic growth in Cameroon at all three levels of significance. The study recommended, among others, that since FDI results in high profit repatriation and capital flight in Cameroon, it would be necessary for the government to put in place laws that encourage a 50/50 equity between domestic and foreign entrepreneurship. Also, Value added agriculture should be encourage most especially in the areas of processing and preservation by building the capacities of those along these supply chain the use of state of the arts machines, processing and preservation techniques. This will lead to new emerging agro-enterprises in Cameroon.


Key Words: Entrepreneurship, Economic Growth, Foreign Direct Investment (FDI).

Post-review Rundown

   View/get involved, click [Post-Review Page]



Acs, Z.J., D. B. Audretsch, P. Braunerhjelm, and B. Carlsson (2009). ‘The KnowledgeSpillover Theory of Entrepreneurship’. Small Business Economics, 32 (1): 15-30.


Alfaro L., Kalemli-Ozcan S., & Volosovych (2004): Capital Flows in a Globalized World: The Role of Policies and Institutions.


Audretsch, D. B., and A. R. Thurik (2001a). ‘What Is New about the New Economy: Sources of Growth in the Managed and Entrepreneurial Economies’. International Journal of Industrial Organisation, 19 (5): 795-821.


Department of Trade and Industry, (2000): National Strategy for Fostering Entrepreneurship. Pretoria: The Department of Trade and Industry, South Africa.


Elle, S. (2012): Microfinance and entrepreneurship in Cameroon. Journal of Asia Entrepreneurship and Sustainability, 8(1), 121-159.


Fafchamps, M. (1992). "Solidarity Networks in Preindustrial Societies: Rational Peasants with a Moral Economy. Economic Development and Cultural Change 41, no. 1: 147.74.


Herrington. M. and Kelley. D., (2013): Global Entrepreneurship Monitor Sub-Saharan African Regional Report. Retrieved from http://


Jose Ernesto Amoros. (2009). “Entrepreneurship and Quality of Institutions: A Developing-Country Approach”, WIDER Research Paper 2009/21. Helsinki: UNU-WIDER.


Kayanula, D. and Quartey, P. (2000): The Policy Environment for Promoting Small Medium-Sized Enterprise in Ghana and Malawi. IDPM Finance and Development Research Programme, Working Paper Series, 15.


Maurice F. O. and Pelagie P. Z., (2015). Entrepreneurship and Development in a Local Context: Evidence from Entrepreneurs in Eastern Region of Cameroon. Journal of Applied Economics and Finance: Vol. 2 No. 2: ISSN 2332-7294.


Molua, E. (2002). Cameroon and the Challenges of Globalization: An Exploration for Adaptation and Benefit Maximisation. Cameroon Development Project, Discussion Paper No. 15/2002, Centre for Independent Development Research, Cameroon.


Molua, E. (2010). Assessment of Trade Facilitation and Competitiveness of Cameroon's coffee Sector: Implications for Trade Liberalization. Buea, Cameroon: Department of Economics and Management, University.


National Institute of Statistics, Cameroon: Country Entrepreneurship Data; Summary Stastitics-2004


Roy Thurik (2009): “Entrepreneurship, Economic growth and policy in Emerging economies”. WIDER Research Paper 2009/12: Helsinki:UNU- WIDER.


Sachs, J.D., J.W. McArthur, G. Schmidt-Traub, M. Kruk, C. Bahadur, M. Faye and G. McCord (2004). "Ending Africa's Poverty Trap." Brookings Papers on Economic Activity 1: 117.240. Schmitz, H. 1995. "Collective Efficiency: Growth Paths for Small-scale Industry. Journal of Development Studies 31, no. 4: 529.66.


Sameeksha Desai (2009): “Measuring Entrepreneurship in Developing Countries”, WIDER Research Paper 2009/10. Helsinki: UNU-WIDER.


Tambi, D. (2014). Economic Growth, Crisis, and Recovery in Cameroon: A Literature Review. The International Journal of Industrial Distribution & Business Vol.6 No.1 pp.5-15: ISSN: 2233-5382(Online).


Wim Naudé (August 2008): “Entrepreneurship and Regional Economic Growth. WIDER RESEARCH paper 2008/70.

Call for Papers/Books/Thesis

Call for Scholarly Articles

Authors from around the world are invited to send scholary articles that suits the scope of this journal. The journal is currently open to submissions and will process articles promptly and publish ready articles daily in each current issue.

The journal is centered on quality and goes about its processes in a very timely fashion. Seasoned editors/reviewers will be consulted to review each article(s), profer quality evaluations and polish the articles with expertise before publication.

Simply send your article(s) as an e-mail attachment to or


Login Form

Other Journals