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An Analysis on the Interrelationship between South Korea’s ODA to Myanmar and Macroeconomic Factors in Myanmar: A Time Series Analysis using ARDL Approach

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주제분류정치외교학

초록

The background and purpose of this paper aim to analyze the interrelationships among FDI, human capital, labor force, export and Korean Official Development Assistance (ODA) towards Myanmar in order to identify the role and importance of Korean ODA in Myanmar’s economic growth. The ARDL bound test was utilized to analyze the long-term as well as the short-run relationships among the variables, using time series data from 1991 to 2017. According to the results of the effect of long and short term in our model, it is confirmed that Korean ODA towards Myanmar positively affects Myanmar’s export to the world, but negatively affects export in the short run. Accordingly, we can conclude that South Korea’s ODA contributes to economic outcomes and export volumes of the recipient country, Myanmar. In the future, the researches designing to explore the determinants of policy effectiveness of ODA and examine its effectiveness will be necessary.

Abstract

The background and purpose of this paper aim to analyze the interrelationships among FDI, human capital, labor force, export and Korean Official Development Assistance (ODA) towards Myanmar in order to identify the role and importance of Korean ODA in Myanmar’s economic growth. The ARDL bound test was utilized to analyze the long-term as well as the short-run relationships among the variables, using time series data from 1991 to 2017. According to the results of the effect of long and short term in our model, it is confirmed that Korean ODA towards Myanmar positively affects Myanmar’s export to the world, but negatively affects export in the short run. Accordingly, we can conclude that South Korea’s ODA contributes to economic outcomes and export volumes of the recipient country, Myanmar. In the future, the researches designing to explore the determinants of policy effectiveness of ODA and examine its effectiveness will be necessary.

참고문헌 (44)

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