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A Spatial Econometric Analysis on Economic Rationalization and Human Capital Dynamics in Cambodia
Sophat Phon
Institute for Banking Studies, National Bank of Cambodia
Sophy Khan
Royal Academy of Cambodia
ISSN: 3078-4131 (Print)
DOI: https://doi.org/10.XXXXX/XXXXX
Keywords: Spatial Analysis, Econometrics, Rationalization, SEM, OLS
Published: 2024-08-30
How to Cite: Phon.S., &Khan.S., (2024). A Spatial Econometric Analysis on Economic Rationalization and Human Capital Dynamics in Cambodia. Cambodia Journal for Business and Professional Practice, 2024(1), 52–92. https://doi.org/10.XXXXX/XXXXX
DownloadAbstract
This paper aims to investigate how human capital constraints and geographical constraints impact economic rationalization across 25 provinces in Cambodia using a novel dataset with spatial econometric models. There are many econometrical approaches such as the Ordinary Least Squares model (OLS), the Spatial Autoregressive model (SAR), the Spatial Error model (SEM), and the Principal Component Analysis model (PCA) employed in this research for analysis and assessment. Specifically, some of the crucial variables related to economic rationalization and human capital constraints are assessed, including child nutrition, secondary school dropout rates of male and female students, educational expenses, migration, poverty rates, and access to electricity, water, and toilets. The spatial econometrical methodologies and spatial dependence analysis findings demonstrated that males dropped out of secondary school at a higher rate than females. Additionally, educational expenditure was fairly small based on geographical analysis and assessment. Structurally, according to the migration sector, only a few provinces in Cambodia had more access to electricity, clean water, and flush toilets, and men migrated at higher rates than women. This suggests that when people have higher access to electricity and water, poverty might be eradicated. Moreover, a rationalization analysis of these challenges suggests that Cambodia ought to enforce the spatial policies and embrace different policies according to different locations. Other advanced spatial analyses should use the regionalized analysis and its usefulness to identify the location for policy priorities in Cambodia.
Authors’ Biography
Sophat Phon was born in 1986 in Prey Veng province, and he earned his first Ph.D. in Economics in 2019 from Thammasat University, Thailand with BOT/ADB scholarship. Currently, he is a second Ph.D. candidate in International Development at Nagoya University, Japan, with a Nagoya University Scholarship from 2023 to 2026. He graduated with two master’s degrees: the first master’s degree in Public Administration (MPA) from Cambodia and the second master’s degree in Management in 2013 from Lublin University of Technology, Poland, with an Erasmus Mundus scholarship from the European Union. He has participated in many national and international conferences and has been a speaker at many well-known institutions such as UNESCAP, NBC, Sophia University in Japan, and Konrad International in Germany, among others. Dr. Phon ‘s filed of research includes microfinance sector, econometrics, business and macroeconomics. His main focus is econometric applied on the modelling of economic trends on the macro levels. Currently, he has authored more than 20 research papers and books. He is a professor at the National University of Myanmar, Global campus, Royal Academy of Cambodia, Human Resource University and RULE-Lumiere Lyon2 University, France, for undergraduate and graduate levels. His current position is CLO in Econometrics, Institute of Banking Studies, Cambodia. And he has been teaching at higher educational levels for nearly 20 years in the relevant fields.
Sophy Khan was born in 1985 in Prey Veng province, and she is a Ph.D. candidate at the Royal Academy of Cambodia, cooperated with a Korean University. She graduated with a master’s degree in private law from the Royal University of Law and Economics, Cambodia, from 2011 to 2013. Furthermore, she has participated in many local and international conferences in Thailand, Malaysia, Indonesia, and Europe. Her main focus is on monitoring and evaluation (M&E) of business and project implementation. Also, she was granted the Excellent Women Leadership Award from Marissa Wesely, USA in collaboration with Harpswell Foundation, USA, in 2019.
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The authors are solely responsible for the content of this article. The views expressed herein are those of the authors and do not necessarily reflect the views of the journal, its editors, or the publisher.
