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The Impacts of Exchange Rate on Economic Growth in Cambodia

Author

Listed:
  • Long Vorlak
  • Ignatius Abasimi
  • Yang Fan

Abstract

This research paper assesses the impact of exchange rates on the economic growth of Cambodia's. The study used variables such as gross domestic product (GDP) indicating Cambodia's economic growth, as well as some explanatory variables such as exchange rate (EXR), broad money (M2), and openness to trade (TOP), rate of inflation (IFR) and foreign direct investment (FDI). The study used an ordinary least squares (OLS) regression model to estimate the effects of exchange rates on Cambodia's economic growth. The research data was downloaded from the World Bank database. According to estimates, the results show that the impact of exchange rate (EXR) and openness to trade (TOP) on GDP is 1%. Exchange rate is positively correlated with GDP, while trade openness is negatively correlated with GDP. During the period of study (1995-2017), other variables such as broad money (M2), inflation rate (IFR), and foreign direct investment (FDI) possess not significant effect on Cambodia's GDP.

Suggested Citation

  • Long Vorlak & Ignatius Abasimi & Yang Fan, 2019. "The Impacts of Exchange Rate on Economic Growth in Cambodia," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 5(2), pages 78-83.
    • Handle: RePEc:oap:ijaefa:v:5:y:2019:i:2:p:78-83:id:129
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    Cited by:

    1. Achouak Barguellil, 2021. "The Asymmetric Indirect Impact of Real Exchange Rate on Economic Growth through Foreign Trade: An Asymmetric ARDL Panel Model," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(8), pages 658-671, August.

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