TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
ROLE OF INDUSTRIALIZATION ON ECONOMIC GROWTH: THE EXPERIENCE OF SENEGAL (1960-2017)
Role of Industrialization on Economic Growth: The Experience of Senegal The aim of this study is to contribute to the investigation of the impact of in(1960-2017). American Journal of Industrial dustrialization on economic growth by analyzing the Senegalese manufacturand Business Management, The paper utilized the secondary data drawn from the World Bank and the National Agency of Statistic and Demography in Senegal and covered the period between 1960 and 2017. It will employ the techniques in estimating the relationship between industrial output, inflation rate, FDI, Foreign Exchange Rate and eco authors and nomic growth, after which ADF unit root test was conducted using Scientific Research Publishing Inc. Breusch-Godfrey serial correlation LM test and Breusch-Pagan-Godfrey he This work is licensed under the Creative teroskedasticity test. The econometric analysis has shown that the increase of Commons Attribution International industrial output will increase economic growth in Senegal. Therefore, there is significant relationship between industrial development and Senegalese economy growth. However, the result revealed that industrialization will go a long way in stimulating economic growth. Based on these results, we have recommended some policy measures in order to boost industrial output by improving the overall productivity of all the sectors and ensure sustainable development.
Keywords
Industrialization, Growth, Senegal, GDP, OLS