Entrepreneurial Venture and Economic Development in Cameroon

Abstract

This study has as objective to examine the role of entrepreneurial venture on economic development in Cameroon. We have used the 2SLS to estimate our result in the 2007 Household consumption survey using STATA 13.0. The result shows that: male household heads, secondary and higher education attainment, non-poor household, age group from 30 years above, experience as an entrepreneur and urban residence are strongly promoting entrepreneurship in Cameroon. We also observed that entrepreneurship is strongly correlating with economic development, while entrepreneurs of age group above 30 years are positively contributing to economic development. We recommend that the decision makers should create more easy avenues (access to credit) to support entrepreneurs. This is a major step towards economic development in Cameroon.