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Microfinance Institutions Performance and Economic Growth In Cambodia: an Advanced Econometric Analysis Chantha, kong; Seng, Sem; Ratha, Phon; Sovanvatthana, Kol
Economics and Business Journal (ECBIS) Vol. 2 No. 5 (2024): July
Publisher : PT. Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ecbis.v2i5.158

Abstract

This study examines the impact of Microfinance Institutions' (MFIs) performance on economic growth in Cambodia, using annual panel data from 62 MFIs for the period 2017–2023. Employing advanced econometric techniques, the findings reveal nuanced relationships between key indicators of MFI performance and GDP growth. Notably, Non-Performing Loans (NPLs) show an unexpected positive relationship with GDP growth, highlighting the Cambodian microfinance sector's resilience in mitigating adverse effects through sustained economic activity. Inflation is also positively associated with GDP growth, suggesting that moderate inflation can drive economic expansion, though careful management is necessary to avoid destabilization. Conversely, the study finds a negative relationship between the number of MFIs and GDP growth, indicating potential inefficiencies from sector oversaturation. Lastly, a positive link between Return on Equity (ROE) and GDP growth underscores the importance of profitability in ensuring financial stability and economic development. The findings emphasize the need for policy measures to manage sector growth, maintain moderate inflation, and enhance MFI profitability for sustainable economic progress in Cambodia.   Keywords: Microfinance Institutions (MFIs); Cambodia; Economic Growth.    
Dynamics of Tax Revenue Across Business Sectors and Taxpayer Categories: A Mixed-Design ANOVA Approach Chantha, Kong
International Journal of Economics and Management Vol. 4 No. 01 (2026): IEM : International Journal of Economics and Management
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/iem.v4i01.281

Abstract

This study examines the dynamics of tax revenue in Banteay Meanchey Province, Cambodia, by analyzing the effects of business sector, taxpayer category, and their interactions. Using a mixed-design ANOVA, it analyzes tax revenue from small and medium taxpayers in the Industry, Services, and Agriculture sectors during 2017–2024. The results show significant sectoral differences, with Services and Industry generating substantially higher revenue than Agriculture, reflecting greater formalization, capital intensity, and profit orientation. The taxpayer category effect is nuanced: small and medium taxpayers do not differ significantly in isolation, but after controlling for sectoral composition, small taxpayers contribute significantly less revenue than medium taxpayers, indicating sector-dependent contributions. Interaction effects further reveal that both small and medium taxpayers in Industry and Services outperform their agricultural counterparts, underscoring the amplifying role of sectoral context in revenue generation. Temporal effects are largely insignificant; however, the sharp decline and uneven recovery observed in 2020, associated with the COVID-19 pandemic, highlight the importance of sectoral and taxpayer heterogeneity in fiscal resilience. Overall, the findings support a differentiated, sector-sensitive tax policy that prioritizes medium taxpayers in Services and Industry as core revenue anchors and incorporates sector–taxpayer interactions.