僕はいつも楽しい人だ。それに、友好的な男である。最初は友達になるのはすごく大変ですけれども、仲がよくなってるうちで、僕は話しすぎるかな。。僕の一つの弱点は気短って言うこと。僕をもっと知りたいですか?コメントちょうだい。Iam always happy...and freindly to everybody..It is hard for me to break the ice at first. But once becoming freind,
I talk so much. I am impatient. Wanna know me more? Comment please!
For economic growth, we need 3 important factors - labor, capital and total factor productivity. In some countries, economic growth is strongly related to one factor rather than another. Among the three factors, according to past literature reviews, capital is a key for developing countries and TFP is sigificant for both developed and developing countries. Labor, of course, depends on the characteristics of each country.
I try to run the regression to see the impact of labor and capital for Cambodia from 1992 to 2006 by assuming away TFP. The result shows that capital plays more important role than labor in Cambodian case.
Notes: ***, ** denotes singificant level at 99% 95% respectively. Standard of error is in bracket. Natural logarithm has been used with all variables and dependent variable is lnGDP (1989 constant price.)
The two factors have positive sings as expected. It seems from the result that GDP growth is highly related to capital (0.615) than to labor (0.156) This is because Cambodia is a labor-surplus and capital shortage economy. It is believed that the higher the investment, the higher the growth. Labor is not statistically singificant and less related with growth because there are many people unemployed in Cambodia, reflecting the over-supply capacity of labor in this country.
As a policy implication, government of Cambodia should invest more in every part of economy. In addition, government should encourage domestic investors as well as investors to speed up their investments by improving investment climate such as infrastructure, education, intellectual property right, and creation of linkage between foreign and domestic investors.
Labor is proxied by economically active population while capital is represented by gross domestic capital formation. Regressiong period is 1992 - 2006.
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Preah Vihear Temple belongs to Cambodia. It is historically and internationally known as one of the most precious Khmer temples. So, it is our rights to conclude it as a World Heritage. The Thai has no rights to reject. Please pass this to everyone on your list...Please do your part for our country...for Cambodia...! Based on thai TV, NBT, The main Thai opposition party said that"Preah Vihea Temple is not belong to our Cambodia, they also don't support our Cambodia to registered Preah Vihea Tample to world heritage and...etc."do you agreed with its talking?we lost enough to Siam(Thai),if you are Khmer!
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