IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v10y2018i12p4491-d186363.html
   My bibliography  Save this article

Dynamic Relationships between Mega Projects and Official Development Assistance: Case of South Korean Infrastructure Construction Projects in ASEAN’s Developing Countries

Author

Listed:
  • Suk-Won Lee

    (Seoul Housing & Communities Corporation, 621, Gaepo-ro, Gangnam-gu, Seoul 06336, Korea)

  • Jae-Keun Jeon

    (Korea Institute of S&T Evaluation and Planning, 68, Mabang-ro, Seocho-gu, Seoul 06775, Korea)

Abstract

In developing countries, infrastructure construction projects are sometimes recognized as mega projects that are important for national development. Such projects are usually implemented as official development assistance (ODA). However, the correlation between the size of ODA and the infrastructure construction project orders gained cannot be completely confirmed. South Korea gives constant aid to developing countries and increases the budget of ODA simultaneously in order to select which country’s construction market to advance. The largest portion of South Korea’s aid continues to be provided to Asian countries. This study analyzes the dynamic relationship between South Korea’s ODA to the Association of Southeast Asian Nations (ASEAN) developing countries and the economic fluctuations represented by infrastructure construction projects, gross domestic product (GDP), gross national income (GNI), and foreign direct investment (FDI). The analysis result shows that the scale of ODA is synergistic to the number of infrastructure construction project orders awarded. In other words, as ODA increases, developing countries can continue to construct infrastructure, and South Korean companies can improve their performance in overseas construction projects in cooperation with those countries. The results of this study can be used as basic data for the decision-making of donor countries when selecting a country’s construction market to advance.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:12:p:4491-:d:186363
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/10/12/4491/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/10/12/4491/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lacalle-Calderón, Maricruz & Neira, Isabel & Portela, Marta, 2016. "Official development assistance, social capital and growth in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Chen, Hong & Singh, Baljeet, 2016. "Official Development Assistance, Public Investment and Economic Growth in Asia and the Pacific," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 6(2), pages 73-96.
    3. 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.
    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. Eunmi Lee & Kwangho Jung & Jinbae Sul, 2019. "Searching for the Various Effects of Subprograms in Official Development Assistance on Human Development across 15 Asian Countries: Panel Regression and Fuzzy Set Approaches," Sustainability, MDPI, vol. 11(4), pages 1-21, February.

    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. Michele Nascimento Jucá & Albert Fishlow, 2022. "The Impact of Social Capital on Firm Value," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 16(2), June.
    2. Murat Gunduz & Mohammed Almuajebh, 2020. "Critical Success Factors for Sustainable Construction Project Management," Sustainability, MDPI, vol. 12(5), pages 1-17, March.

    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:10:y:2018:i:12:p:4491-:d:186363. 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.