Sources of Economic Growth in Cambodia

Abstract

This paper aims to find out the main sources of economic growth, which is main driver for Cambodian economic development in context of globalization. The study found that two main factors: capital development and total productivity. Inside the capital development, official development assistant (ODA), and foreign direct investment (FDI) play important roles in raising fixed capital formation which is the long-run growth. Furthermore, development of education, vocation training, and job experience are core of total productivity growth.

Keywords: growth; development; ODA; FDI; productivity