GLOBALIZATION AND ECONOMIC GROWTH IN CAMBODIA
- 등재 SSCI, SCOPUS
- 발행기관 World Scientific Publishing Co. Pte Ltd
- 발행년도 2015
- 총서유형 Journal
- URI http://www.dcollection.net/handler/ewha/000000119278
- 본문언어 영어
- Published As http://dx.doi.org/10.1142/S0217590815500708
- 저작권 이화여자대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
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. © 2015 World Scientific Publishing Company
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