Sok Heng Lay

Sok Heng Lay
  • PhD in Economics
  • Economist at National Bank of Cambodia

About

10
Publications
56,345
Reads
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100
Citations
Current institution
National Bank of Cambodia
Current position
  • Economist

Publications

Publications (10)
Article
There has been an on-going debate on whether dollarization helps stabilize exchange rates for emerging economies. This paper discusses this issue in a highly dollarized country, Cambodia, by empirically examining the relationship between dollarization and exchange rate movements. The GARCH analysis suggests that dollarization induces the depreciati...
Article
Full-text available
Purpose Empirical research on the relationship between financial inclusion and economic growth has neglected the influence of religion or secularism. This study aims to investigate the effect of financial inclusion on economic growth in religious and secular countries. Design/methodology/approach The financial inclusion indicators are the number o...
Article
Full-text available
Empirical research on the relationship between financial inclusion and economic growth has neglected the influence of religion or secularism. We investigate the effect of financial inclusion on economic growth in religious and secular countries. The financial inclusion indicators are the number of ATMs per 100,000 adults and the number of bank bran...
Article
This paper investigates short-run nonlinear impacts of bank credit on economic growth in 17 advanced economies from 1870 to 2013. An inverted U-shaped relationship and credit threshold of 135% is statistically and significantly identified in the post-World War II sample.
Research
This paper assesses the impact of mobile phones on the use of formal banking services in some Asian countries. Using the FinScope Surveys of Cambodia, Laos, Myanmar, Nepal, and Thailand conducted between 2012 and 2015, the paper applies a probit model to both cross-sectional and pooled data set. The results consistently suggest that having a mobile...
Article
Many countries have experienced high dollarization in parallel with their domestic currency, in their development process. The prevalence is often significant in developing countries. Measuring the degree of dollarization by the ratio of foreign currency deposit to money supply, we empirically investigate how dollarization is associated with econom...

Questions

Questions (6)
Question
Could anyone who has access to the CNTS Data Archive kindly share me the data file? Thank you in advance for your kind support.
Thank you!
Question
Does anyone have Matlab Code for Panel Smooth Threshold Regression for unbalanced panel data? Please share it with me if you have one.
Question
How can we control fixed effect using FMM stata command in the finite mixture model? I want to replicate Deb and Trivedi (2013)'s paper? Hope you can help me to sort it out. Thank you.
Tags: finite mixture model, panel fixed effect, fmm, stata
Question
Can I obtain Purchasing Power Parity (PPP) Exchange Rate from any database? If not, is there any way to calculate the PPP Exchange Rate?
Regards,
Heng 
Question
Can I include both time trends and time dummies when running panel data? What is the difference between them? I think that my data may have problem of unit root.
Question
There are some missing data in my sample? I tried to put NaN, but my MATLAB codes did not produce any results. Then I tried to replace all NaN with zero. Is there any better way to deal with missing values in MATLAB rather than zero?

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