Dynamic Relationships between Mega Projects and Official Development Assistance: Case of South Korean Infrastructure Construction Projects in ASEAN’s Developing Countries
| Autor: | Jae-Keun Jeon, Suk-Won Lee |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Geography
Planning and Development economic fluctuation infrastructure construction project Developing country TJ807-830 International trade Foreign direct investment Management Monitoring Policy and Law Southeast asian Mega TD194-195 01 natural sciences Gross domestic product Renewable energy sources 010104 statistics & probability Order (exchange) mega project 0502 economics and business vector error correction model GE1-350 050207 economics 0101 mathematics Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry 05 social sciences developing country Environmental sciences Gross national income Scale (social sciences) official development assistance business |
| Zdroj: | Sustainability, Vol 10, Iss 12, p 4491 (2018) Sustainability Volume 10 Issue 12 |
| ISSN: | 2071-1050 |
| Popis: | In developing countries, infrastructure construction projects are sometimes recognized as mega projects that are important for national development. Such projects are usually implemented as official development assistance (ODA). However, the correlation between the size of ODA and the infrastructure construction project orders gained cannot be completely confirmed. South Korea gives constant aid to developing countries and increases the budget of ODA simultaneously in order to select which country&rsquo s construction market to advance. The largest portion of South Korea&rsquo s aid continues to be provided to Asian countries. This study analyzes the dynamic relationship between South Korea&rsquo s ODA to the Association of Southeast Asian Nations (ASEAN) developing countries and the economic fluctuations represented by infrastructure construction projects, gross domestic product (GDP), gross national income (GNI), and foreign direct investment (FDI). The analysis result shows that the scale of ODA is synergistic to the number of infrastructure construction project orders awarded. In other words, as ODA increases, developing countries can continue to construct infrastructure, and South Korean companies can improve their performance in overseas construction projects in cooperation with those countries. The results of this study can be used as basic data for the decision-making of donor countries when selecting a country&rsquo s construction market to advance. |
| Databáze: | OpenAIRE |
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