IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v9y2017i12p2274-d122101.html
   My bibliography  Save this article

Reciprocal Relations between Official Development Assistance Recipient and Donor Countries: Case of South Korean Overseas Construction Business and Southeast Asian Countries’ Economy

Author

Listed:
  • Suk-Won Lee

    (Department of Architectural Engineering, Hanyang University, 222, Wangsimri-ro, Sungdong-gu, Seoul 04763, Korea)

  • Jae-Jun Kim

    (Department of Architectural Engineering, Hanyang University, 222, Wangsimri-ro, Sungdong-gu, Seoul 04763, Korea)

  • Ju-Hyung Kim

    (Department of Architectural Engineering, Hanyang University, 222, Wangsimri-ro, Sungdong-gu, Seoul 04763, Korea)

Abstract

In developing countries, official development assistance (ODA) is generally perceived to be an alternative means to develop infrastructure. Donor countries may expect benefits such as increased construction project orders in recipient countries. However, it remains arguable whether ODA contributes to reciprocal relations between recipient and donor countries. The case of South Korea can provide empirical data given that its government has expanded the amount of ODA to encourage overseas construction business while supporting Southeast Asian countries. In this research, gross national income (GNI), gross domestic product (GDP), foreign direct investment (FDI), and construction project orders awarded by South Korean construction companies in Vietnam, Bangladesh and Sri Lanka are analyzed according to the variation of ODA awarded by South Korea. The analysis results show that the influence of ODA upon economic situation of recipient countries varies according to their economic volume and development policy. From the donor country’s perspective, enhanced performance of construction business can be expected by means of cooperation with local construction business.

Suggested Citation

  • Suk-Won Lee & Jae-Jun Kim & Ju-Hyung Kim, 2017. "Reciprocal Relations between Official Development Assistance Recipient and Donor Countries: Case of South Korean Overseas Construction Business and Southeast Asian Countries’ Economy," Sustainability, MDPI, vol. 9(12), pages 1-17, December.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:12:p:2274-:d:122101
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/9/12/2274/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/9/12/2274/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nigel Driffield & Chris Jones, 2013. "Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 25(2), pages 173-196, April.
    2. Donaubauer, Julian & Meyer, Birgit & Nunnenkamp, Peter, 2016. "Aid, Infrastructure, and FDI: Assessing the Transmission Channel with a New Index of Infrastructure," World Development, Elsevier, vol. 78(C), pages 230-245.
    3. Severine Blaise, 2005. "On the link between Japanese ODA and FDI in China: a microeconomic evaluation using conditional logit analysis," Applied Economics, Taylor & Francis Journals, vol. 37(1), pages 51-55.
    4. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    5. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    6. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 4.
    7. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    8. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 1.
    9. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 4.
    10. Severine Blaise, 2005. "On the link between Japanese ODA and FDI in China: a microeconomic evaluation using conditional logit analysis," Post-Print hal-01295838, HAL.
    11. Sanghyun Kim & Juhyung Kim & Jaejun Kim, 2016. "Structural Changes in the Korean Housing Market before and after Macroeconomic Fluctuations," Sustainability, MDPI, vol. 8(5), pages 1-20, April.
    12. Szent-Ivanyi, Balazs, 2010. "Aid Allocation of the Emerging Central and Eastern European Donors," MPRA Paper 30234, University Library of Munich, Germany.
    13. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    14. Editorial Article, 0. "The Information for Authors," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Murat Gunduz & Mohammed Almuajebh, 2020. "Critical Success Factors for Sustainable Construction Project Management," Sustainability, MDPI, vol. 12(5), pages 1-17, March.
    2. Suk-Won Lee & Jae-Keun Jeon, 2018. "Dynamic Relationships between Mega Projects and Official Development Assistance: Case of South Korean Infrastructure Construction Projects in ASEAN’s Developing Countries," Sustainability, MDPI, vol. 10(12), pages 1-22, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kritana Prueksakorn & Cheng-Xu Piao & Hyunchul Ha & Taehyeung Kim, 2015. "Computational and Experimental Investigation for an Optimal Design of Industrial Windows to Allow Natural Ventilation during Wind-Driven Rain," Sustainability, MDPI, vol. 7(8), pages 1-22, August.
    2. Hualin Xie & Jinlang Zou & Hailing Jiang & Ning Zhang & Yongrok Choi, 2014. "Spatiotemporal Pattern and Driving Forces of Arable Land-Use Intensity in China: Toward Sustainable Land Management Using Emergy Analysis," Sustainability, MDPI, vol. 6(6), pages 1-17, May.
    3. Stephan E. Maurer & Andrei V. Potlogea, 2021. "Male‐biased Demand Shocks and Women's Labour Force Participation: Evidence from Large Oil Field Discoveries," Economica, London School of Economics and Political Science, vol. 88(349), pages 167-188, January.
    4. Tie Hua Zhou & Ling Wang & Keun Ho Ryu, 2015. "Supporting Keyword Search for Image Retrieval with Integration of Probabilistic Annotation," Sustainability, MDPI, vol. 7(5), pages 1-18, May.
    5. T. Karski, 2019. "Opinions and Controversies in Problem of The So-Called Idiopathic Scoliosis. Information About Etiology, New Classification and New Therapy," Biomedical Journal of Scientific & Technical Research, Biomedical Research Network+, LLC, vol. 12(5), pages 9612-9616, January.
    6. Wesley Mendes-da-Silva, 2020. "What Makes an Article be More Cited?," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 24(6), pages 507-513.
    7. Wisdom Akpalu & Mintewab Bezabih, 2015. "Tenure Insecurity, Climate Variability and Renting out Decisions among Female Small-Holder Farmers in Ethiopia," Sustainability, MDPI, vol. 7(6), pages 1-16, June.
    8. Wei Chen & Shu-Yu Liu & Chih-Han Chen & Yi-Shan Lee, 2011. "Bounded Memory, Inertia, Sampling and Weighting Model for Market Entry Games," Games, MDPI, vol. 2(1), pages 1-13, March.
    9. David Harborth & Sebastian Pape, 2020. "Empirically Investigating Extraneous Influences on the “APCO” Model—Childhood Brand Nostalgia and the Positivity Bias," Future Internet, MDPI, vol. 12(12), pages 1-16, December.
    10. Taeyeoun Roh & Yujin Jeong & Byungun Yoon, 2017. "Developing a Methodology of Structuring and Layering Technological Information in Patent Documents through Natural Language Processing," Sustainability, MDPI, vol. 9(11), pages 1-19, November.
    11. He-Yau Kang & Amy H. I. Lee & Tzu-Ting Huang, 2016. "Project Management for a Wind Turbine Construction by Applying Fuzzy Multiple Objective Linear Programming Models," Energies, MDPI, vol. 9(12), pages 1-15, December.
    12. A. B. Atkinson & Stephen P. Jenkins, 2020. "A Different Perspective on the Evolution of UK Income Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(2), pages 253-266, June.
    13. Haiyan Xu & Yanhui Ding & Jing Sun & Kun Zhao & Yuanjian Chen, 2019. "Dynamic Group Recommendation Based on the Attention Mechanism," Future Internet, MDPI, vol. 11(9), pages 1-15, September.
    14. Adina Letiţia Negruşa & Valentin Toader & Aurelian Sofică & Mihaela Filofteia Tutunea & Rozalia Veronica Rus, 2015. "Exploring Gamification Techniques and Applications for Sustainable Tourism," Sustainability, MDPI, vol. 7(8), pages 1-30, August.
    15. Ahmad N. Alkenani & Mohammad Ashraf & Ghulam Mohammad, 2020. "Quantum Codes from Constacyclic Codes over the Ring F q [ u 1 , u 2 ]/〈 u 1 2 - u 1 , u 2 2 - u 2 , u 1 u 2 - u 2 u 1 〉," Mathematics, MDPI, vol. 8(5), pages 1-11, May.
    16. Shang-Yuan Chen & Jui-Ting Huang, 2012. "A Smart Green Building: An Environmental Health Control Design," Energies, MDPI, vol. 5(5), pages 1-16, May.
    17. Yanhong Feng & Xu Yu & Gai-Ge Wang, 2019. "A Novel Monarch Butterfly Optimization with Global Position Updating Operator for Large-Scale 0-1 Knapsack Problems," Mathematics, MDPI, vol. 7(11), pages 1-31, November.
    18. Xiaoshu Cao & Feiwen Liang & Huiling Chen & Yongwei Liu, 2017. "Circuity Characteristics of Urban Travel Based on GPS Data: A Case Study of Guangzhou," Sustainability, MDPI, vol. 9(11), pages 1-21, November.
    19. S. B. Reshetnikov & M. R. Skirdov, 2017. "Analysis of methodological approaches to determination and assessment of the human capital," Russian Journal of Industrial Economics, MISIS, vol. 10(1).
    20. Mi Jung Son & Jin Han Park & Ka Hyun Ko, 2019. "Some Hesitant Fuzzy Hamacher Power-Aggregation Operators for Multiple-Attribute Decision-Making," Mathematics, MDPI, vol. 7(7), pages 1-33, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:9:y:2017:i:12:p:2274-:d:122101. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.