Abstract
The study focus mainly on the impact of ODA, FDI, and LS on the GDP growth of Cambodia from 1995 to 2020 using the combined data generated from Macrotrends LLC (2021); Trading Economics (2021); World Bank Group (2021a; 2021b; 2021c & Cambodia Public Debt Statistical Bulletin (2015; 2016; 2017; 2018; 2019; 2020; 2021) and the Eviews 10 was used as a tool to analyze the data by applying the multivariate regression with ordinary least squares method. The result confirmed that FDI and LS are significant and positively contributed to the GDP growth of Cambodia with almost 100% confident interval or probability of 0.02%, and the ODA was evidently insignificant and also negatively impacted on the economic growth of Cambodia. The researcher also suggested for further researches in order to clarify the lapses of this study.
Highlights
Cambodia has been blamed for too much dependence on Foreign Aid by the researchers, scholars, economists, and politicians throughout the globe (Ear, 2013)
The findings revealed that foreign aid had a negative impact on MENA countries' economic growth due to the Dutch disease and a poor policy environment, while trade openness and domestic investment had a positive impact on those countries' economic growth, and the researchers recommended further research into the impact of remittances and foreign direct investment on economic growth and local savings
III- Findings The researcher obtained the data from World Bank Group, Global Development Indicators, the Cambodia Public Debt Statistical Bulletin, Trading Economics, and Macrotrends LLC as basis for analyzing
Summary
Cambodia has been blamed for too much dependence on Foreign Aid by the researchers, scholars, economists, and politicians throughout the globe (Ear, 2013). The study is to review and analyze the effectiveness of foreign direct investment (FDI), official development assistance (ODA), & local savings (LS) on the gross domestic product (GDP) growth in Cambodia from 1995-2020 using a combined data from the World Bank Group (2021a; 2021b; 2021c); Macrotrends LLC (2021); Trading Economics (2021); and Cambodia Public Debt Statistical Bulletin (2015; 2016; 2017; 2018; 2019; 2020; 2021) through a desk reviews. Granger causality test was applied during the analyzing processes to see the causality among all independent variables and the dependent variables. Section will be the relevant literatures on the influences of FDI on economic growth, the impact of ODA on economic growth, and the influence of local savings on economic growth. Came after the literature review, is the research findings, and section is the discussion, and the final section is the conclusion that comprising of summary of the findings and the suggestion for further reseaches
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