Does Korea’s official development assistance (ODA) promote its FDI?
Does Korea’s official development assistance (ODA) promote its FDI?
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韩国的官方发展援助(ODA)是否促进了其外国直接投资?
DOI:
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发表时间:
2017
期刊:
影响因子:
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通讯作者:
Yongkul Won
中科院分区:
文献类型:
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作者:
Gil Seong Kang;Yongkul Won
This paper empirically investigates whether Korea’s ODA promotes
its FDI to recipient countries, using a dynamic panel analysis over
the period from 1995 to 2012. The regression results reveal that total
ODA, infrastructure aid, and technical assistance exert positive
effects on Korea’s total FDI stock in the recipient countries. At the
sectoral level, differences between manufacturing and service sectors
are noticeable, implying that the so-called vanguard effect of
ODA on FDI depends both on industrial sector and on the type of
ODA. The positive effects of ODA on manufacturing FDI are confirmed
only in loan-type ODA. Infrastructure-related aid shows no
significant effects on FDI in services, but technical assistance and
humanitarian aid are positively associated with service sector FDI.
Our empirical findings suggest that Korea’s ODA plays a crucial
role in facilitating its private investment flows to recipient countries,
and thus it is important to formulate appropriate ODA policies
favorable for private capital flows.
DOI:
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发表时间:
2007
期刊:
影响因子:
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作者:
Todo;Yasuyuki
通讯作者:
Yasuyuki