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Successful Implementation of Koreas ODA Projects: Constructing Causal Loops and Conducting Sensitivity Analysis

Author

Listed:
  • Choi, Young-Chool

    (Chungbuk National University)

  • Hak-Sil , Kim

    (Chungbuk National University)

Abstract

This paper aims to comprehend the policy variables underlying Official Development Assistance (ODA) projects conducted by the Korean Government from a systems point of view; to identify the causal loops (reinforcing and balancing loops) operating within the causal map explaining the whole process of the ODA projects; and to derive the main policy variables affecting the successful management of ODA projects, with regard especially to the projects being provided by the Korean Government, using the sensitivity analysis method. The paper employs the system dynamics method, which has rarely been used in the analysis of ODA projects. The analysis results show that there are six causal loops (four reinforcing and two balancing) operating within the whole causal map explaining the ODA projects executed by the Korean Government; and that a public body for controlling and managing Korea’s ODA projects (called control tower in this analysis) deserves special emphasis in constructing ODA-projects-related policies.

Suggested Citation

  • Choi, Young-Chool & Hak-Sil , Kim, 2018. "Successful Implementation of Koreas ODA Projects: Constructing Causal Loops and Conducting Sensitivity Analysis," International Journal of Entrepreneurship, Allied Business Academies, vol. 22(2), May.
    • Handle: RePEc:ris:ijentr:0034
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    More about this item

    Keywords

    ODA; System Dynamics; Sensitivity Analysis; Causal Loops.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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