금융시장발전과 공적개발원조의 효과성: 양자간･다자간 원조를 중심으로

• 영문명: Recipient Countries’ Financial Development and the Effectiveness of ODA
• 발행기관: 한국유통과학회
• 저자명: 안현미(Hyeonmi Ahn) 박단비(Danbee Park)
• 간행물 정보: 『산경연구논집(JIDB)』Volume.10 No.1, 69~76쪽, 전체 8쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2019.01.30

영문 초록

Purpose - The purpose of this paper is to empirically investigate the effectiveness of Offcial Development Assistance (ODA) in recipient countries economy. ODA is designed to mitigate poverty and stimulate economic growth in the developing countries. We classify total ODA into bilateral ODA and multilateral ODA depending on the number of donor countries. If the ODA flows from one donor country to one recipient country, it is classified as bilateral ODA. If the multiple countries simultaneously become donor countries through the international organizations such as United Nations and World Bank, it is classified as multilateral ODA. This paper compares the effect of bilateral ODA and multilateral ODA in determining recipient countries economic development, and tries to provide policy implications to Korean ODA. Research design, data, and methodology - Our primary explanatory variables are bilateral and multilateral ODA. Private credit in recipient countries is adopted as additional explanatory variables to capture the level of financial development in recipient countries. We measure the ODA effectiveness using economic growth and quality of life of the recipient countries as the dependent variable. We collect 142 recipient countries data from OECD statistics, during the period from 1970-2014. Panel least squares estimation with country fixed effect is employed as the empirical model. Results - Our results support that ODA variable has a negatively significant impact on recipient countries economic growth, while it is positively correlated with human development index. Recipient countries private credit is positively correlated with economic growth and human development index. The interaction variable of ODA and financial development turns out to be significant in general. We find that the positive effect of ODA depends on recipient countries financial market development and this effect is stronger in multilateral aid than bilateral one. Conclusions - From the

목차

1. 서론

2. 공적개발원조의 효과에 대한 이론적 배경

3. 양자간 원조와 다자간 원조 현황

4. 가설 설정

5. 자료 및 모형

6. 실증분석 결과

7. 결론

키워드

ODA Bilateral ODA Multilateral ODA Economic Growth Human Development Index Financial Market