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Globalization And Economic Growth In Cambodia

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  • JAI S. MAH

    (Division of International Studies, Ewha Womans University, Seodaemun-gu, Seoul 120-750, South Korea)

Abstract

For the past two decades, since the political situation became stable, Cambodia has recorded a very rapid economic growth rate. In the meantime, globalization has progressed both in terms of the expansion of international trade and foreign direct investment (FDI) inflows. This paper applies small sample cointegration tests and error correction models to reveal the determinants of Cambodia’s rapid economic growth. The cointegration test results support the existence of a long-run equilibrium relationship among the variables concerned. The error-correction models show that expansion of international trade values has caused the rapid economic growth in Cambodia, regardless of the measure of international trade used.

Suggested Citation

  • Jai S. Mah, 2017. "Globalization And Economic Growth In Cambodia," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(02), pages 363-375, June.
    • Handle: RePEc:wsi:serxxx:v:62:y:2017:i:02:n:s0217590815500708
    DOI: 10.1142/S0217590815500708
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    Cited by:

    1. Tahir, Muhammad & Hayat, Arshad, 2020. "Does International Trade Promote Economic Growth? An Evidence from Brunei Darussalam," MPRA Paper 102504, University Library of Munich, Germany.
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    3. Emilie Beauchamp & Tom Clements & E. J. Milner-Gulland, 2019. "Investigating Perceptions of Land Issues in a Threatened Landscape in Northern Cambodia," Sustainability, MDPI, vol. 11(21), pages 1-20, October.

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