Korea’s Aid for Trade to ASEAN: Impact on Bilateral Trade Relations between Donor and Recipient Countries
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This study analyzes the impacts of Korea’s Aid for Trade to ASEAN on the bilateral trade relations with a fixed-effects model from 2006 to 2019. The empirical results suggest that Korea’s AfT disbursements to ASEAN promote the export between the donor and the recipients while the magnitude of the impacts on ASEAN’s exports is much greater. It implies the bilateral AfT is conducive to both the donor and the recipients and the latter can benefit more from the aid. Furthermore, the analysis also indicates the disaggregated impacts of the AfT subcategories. While only aid for economic infrastructure holds significant and positive impacts on Korea’s export to ASEAN, both the aid directed to economic infrastructure and to trade policy and regulation significantly and positively lead to an increase in ASEAN’s exports to Korea.
Abstract
This study analyzes the impacts of Korea’s Aid for Trade to ASEAN on the bilateral trade relations with a fixed-effects model from 2006 to 2019. The empirical results suggest that Korea’s AfT disbursements to ASEAN promote the export between the donor and the recipients while the magnitude of the impacts on ASEAN’s exports is much greater. It implies the bilateral AfT is conducive to both the donor and the recipients and the latter can benefit more from the aid. Furthermore, the analysis also indicates the disaggregated impacts of the AfT subcategories. While only aid for economic infrastructure holds significant and positive impacts on Korea’s export to ASEAN, both the aid directed to economic infrastructure and to trade policy and regulation significantly and positively lead to an increase in ASEAN’s exports to Korea.
참고문헌 (20)
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