Elasticite emploi de la croissance economique et ses determinants marcroeconomiques au Cameroun

Type Journal Article - European Scientific Journal
Title Elasticite emploi de la croissance economique et ses determinants marcroeconomiques au Cameroun
Author(s)
Volume 11
Issue 7
Publication (Day/Month/Year) 2015
Page numbers 466-482
URL http://www.eujournal.org/index.php/esj/article/viewFile/5336/5160
Abstract
The main objective of this paper is to determine the employment
effects of growth in Cameroon. Specifically, it determines how employment
responds at the global level and in each sector relative to change in
production and indentifies variables likely to affect these changes. To this
effect, we apply the employment elasticity method using macroeconomic
determinants of employment elasticity on Cameroonian data. Our results
globally suggest that economic growth affects positively employment. In
effect, determining employment elasticity relative to GDP suggests that a 1%
increase in economic growth will lead to a 0.41% increase in total
employment. Sector-based elasticities show that agricultural employment is
more sensitive to the value added of agricultural sector than to the GDP
variations. Conversely, industrial employment is more sensitive to GDP
variation than to the value added variation of this sector while employment in
the services sector is sensitive to the GDP variation as to the value added
variation of this sector. Moreover, the cost of employment, the share of the
value added of the services sector in GDP as well as commercial opening
affect positively the elasticity, at the same time, inflation and population
growth rate rather affect it negatively. Based on these observations, the
Cameroonian government should favor the development of industrial sector,
the increase of employment productivity in the services sector, revalue
employment cost, and stabilize inflation as well as the evolution of active
population.

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