A Research on the ODA and economic growth: with European countries’ data
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The ODA is a fund to improve economic development and wellness for the less developing countries and developing countries. With economic difficulties by the European Debt Crisis and the Sub-prime mortgage crisis, countries over the world are hesitate to increase their amounts of the ODA. The spread of the economic crisis makes donor countries hesitate in increasing their ODA amounts. In fact, in response to the global economic crisis, massive economic stimulus packages are performed in the name of the European Economic Recovery Plan in the EU membership countries. In these circumstances, this paper investigates the relationship between the ODA and economic growth. This paper conducts three empirical tests in analyzing the relationship between the ODA and economic growth: the Regression analysis using the least squares, the Panel data analysis, and the Granger-causality analysis. Results of the three tests show like followings. First, results of the ordinary least squares show that the ODA and GDP have relationship between them in case of Bulgaria, Latvia, Lithuania, Malta, and Slovakia. And, results of the Panel data analysis show that when GDP is increased 1%, the net ODA is increased 0.73%. Finally, results of the Granger-causality analysis show that economic growth is tangled among the eastern European countries. That means that there exists a high degree of interconnectedness. South Korea needs to consider how to contribute the ODA more effectively than before. South Korea can suggest “inclusive sustainable growth” that compensates growth factors to the MDGs. Nowadays, twenty six parter countries are selected in 2010 and this reflects environment and diplomacy of 2010. Therefore, South Korea needs to double check the targeted partnership countries. South Korea needs to admit the recommendation from the DAC peer review in 2012. South Korea needs to increase the ODA/GNI ratio to 0.25% by 2015. But, to abide by this ratio, South Korea needs to prepare actions regarding economic downturn conditional on the contingency plan by scenarios.
Abstract
The ODA is a fund to improve economic development and wellness for the less developing countries and developing countries. With economic difficulties by the European Debt Crisis and the Sub-prime mortgage crisis, countries over the world are hesitate to increase their amounts of the ODA. The spread of the economic crisis makes donor countries hesitate in increasing their ODA amounts. In fact, in response to the global economic crisis, massive economic stimulus packages are performed in the name of the European Economic Recovery Plan in the EU membership countries. In these circumstances, this paper investigates the relationship between the ODA and economic growth. This paper conducts three empirical tests in analyzing the relationship between the ODA and economic growth: the Regression analysis using the least squares, the Panel data analysis, and the Granger-causality analysis. Results of the three tests show like followings. First, results of the ordinary least squares show that the ODA and GDP have relationship between them in case of Bulgaria, Latvia, Lithuania, Malta, and Slovakia. And, results of the Panel data analysis show that when GDP is increased 1%, the net ODA is increased 0.73%. Finally, results of the Granger-causality analysis show that economic growth is tangled among the eastern European countries. That means that there exists a high degree of interconnectedness. South Korea needs to consider how to contribute the ODA more effectively than before. South Korea can suggest “inclusive sustainable growth” that compensates growth factors to the MDGs. Nowadays, twenty six parter countries are selected in 2010 and this reflects environment and diplomacy of 2010. Therefore, South Korea needs to double check the targeted partnership countries. South Korea needs to admit the recommendation from the DAC peer review in 2012. South Korea needs to increase the ODA/GNI ratio to 0.25% by 2015. But, to abide by this ratio, South Korea needs to prepare actions regarding economic downturn conditional on the contingency plan by scenarios.
참고문헌 (17)
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