The Impact of the Global Economic Crisis on Cambodia

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概要

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• We numerically examine the impact of the global economic crisis on the Cambodiangarment exports as well as its economy by using the conventional CGE model. A seminal aspect of the paper is that we have successfully estimated the curvature of theCET and CES production functions for the Cambodian economy, by using the time series regression method. One of our most striking results indicates that the welfare cost of the impact of the crisis at least reaches 281 million US dollars, thus resulting in a 0.3 percent decrease in GDP with 20.8 thousand direct job losses in the garment industry. Our simulation results also show that the currently ongoing policy in Cambodia only reduces the negative impact of the crisis by 32 million US dollars, and we propose an expansion of the government budget of 304 million US dollars, in order to neutralize the negative impact of the global economic crisis on the Cambodian economy.

著者

• Khin Pisey

  Graduate School of International Relations, International University of Japan

• Kato Ryuta

  Professor of Economics, International Development Program, Graduate School of International Relation

• Khin Pisey

  Graduate School Of International Relations International University Of Japan

• Kato Ryuta

  Professor Of Economics International Development Program Graduate School Of International Relations

関連論文

• The Impact of the Global Economic Crisis on Cambodia

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