INDUSTRIAL POLICY IN DEMOCRATIC REPUBLIC OF CONGO AS A TOOL OF ECONOMIC DEVELOPMENT FROM 2010 TO 2016
DOI:
https://doi.org/10.46827/ejefr.v0i0.389Ključne riječi:
industrial policy, economic development, gross domestic product, trade, foreign direct investmentSažetak
Each economy specializes in certain economic activities depending on the level of development and the availability of resources. Countries undergo sectorial transformation and economic diversification, in order to attain a higher level of economic development. The main driver of these structural changes remains the private sector. The purpose of this study is to analyze the contribution of industrial policy to the DRC economic development for period 2010-2016. This is to evaluate the strength of the linkages between different industries and determine how the structure of the DRC’s economic activities can guide the choice of development. Furthermore the study tried to find the causality of the industry policy and GDP, how much do the sectors predict the GDP. The mixed methods (quantitative and qualitative data) have been used for data collection and desk review method. Data have been analyzed by using SPSS. The reliability test, correlation analysis and multiple regression analysis were performed to provide answers to the research questions established for this study. The results show that the economic activities through Agriculture, Industry and Services are main tools of economic development in DR Congo. These three predictors’ variables have the significant potential to influence or to predict the GDP. The findings also showed that there was a strong positive and statistical significant relationship between Agriculture sector, Industry sector, Service Sector and GDP.
JEL: F63, O11, Q01
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