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Does Korea's Official Development Assistance Promote Its Exports?: Theoretical and Empirical Analyses

机译:韩国官方发展援助会促进其出口吗?:理论和实证分析

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This paper aims to contribute to narrowing the knowledge gap of aid effects on donor's exports through theoretical and empirical analyses of various ODA types. To explain how aid affects donor's exports, we constructed a theoretical framework that considers aid as "public goods" with externality effects. We also estimate augmented gravity equations using Korea's bilateral exports and ODA data, employing Hausman-Taylor Method and system-GMM to address the endo-geneity problem. Through the long-term analysis with aggregated data, we confirmed the positive effects of total ODA, loans, grants and economic aid but no such effect in non-economic (humanitarian) aid. At the sub-sector level, we found • out that in some cases infrastructure aid had no effects and humanitarian aid showed positive effects, which was contrary to the results obtained analyzing aggregated data. These conflicting results imply that the effects of ODA on exports depend on both ODA types and industrial sectors. By comparing two distinct periods, we found out that the vanguard effects of ODA on donor exports have lasted even after untying aid was introduced. These results show that donors are not necessarily anxious about expanding untying aid, since they are highly likely to continue to benefit if aid packages are well designed. The government efforts to sophisticatedly make the combination of various ODA types would not only enhance the trade creation effects of ODA but also secure domestic supports for scaling up ODA; hence eventually helping the international community to mobilize financial resources.
机译:本文旨在通过对各种ODA类型的理论和经验分析,来缩小援助对捐助者出口的影响的知识差距。为了解释援助如何影响捐助者的出口,我们构建了一个理论框架,将援助视为具有外部效应的“公共物品”。我们还使用韩国的双边出口和ODA数据估算了重力增强方程,并采用Hausman-Taylor方法和system-GMM来解决内生性问题。通过汇总数据的长期分析,我们确认了官方发展援助总额,贷款,赠款和经济援助的积极影响,但在非经济(人道主义)援助中没有这种影响。在分部门层面,我们发现•在某些情况下,基础设施援助没有影响,而人道主义援助却显示出积极的影响,这与分析汇总数据获得的结果相反。这些矛盾的结果表明,官方发展援助对出口的影响取决于官方发展援助的类型和工业部门。通过比较两个不同的时期,我们发现,即使引入了不附带条件的援助,官方发展援助对捐助国出口的先锋效应仍然持续。这些结果表明,捐助者不必担心扩大解禁性援助的范围,因为如果援助方案设计得当,它们很有可能继续受益。政府努力复杂地将各种官方发展援助类型结合起来,不仅可以增强官方发展援助的贸易创造效果,而且可以为扩大官方发展援助获得国内支持。因此最终帮助国际社会调集财政资源。

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