Entrepreneurship and its Implications for Standards of Living in Cameroon

The study intended in determining the effect of entrepreneurship on standards of living in Cameroon. Thestudy made use of secondary data over a period of 42 years and the data was obtained from the World Bankdatabase. The researcher applied the causal research design and used both descriptive and inferentialstatistics to analyse the data collected. Results from the ARDLregression revealed that there exist a positivesignificant effect of entrepreneurship at the primary sector on standards of living in Cameroon in the shortrun and an insignificant effect of entrepreneurship on standards of living in the long run. Entrepreneurship atthe secondary sector was found to exert a negative insignificant effect on standards of living Cameroon inthe short and a positive insignificant effect in the long run in Cameroon. The coefficient for entrepreneurshipin the tertiary sector was positive and significant in both the short and long term, with a significance level of5% in the short term and insignificance in the long term. Secondary education was determined to have anegligible beneficial impact on long-term standards of living in Cameroon, and a negligible detrimentalimpact in the near term. Further findings indicate that higher education has a negligible detrimental impacton long-term standards of living in Cameroon, whereas it has a negligible beneficial impact. The inflationrate, as assessed by the consumer price index, had a positive coefficient in the long term and was statisticallysignificant at a 5% level of significance. Additionally, in the short term, it had a significant impact on thestandards of living in Cameroon at a 1% level of significance.