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Political Leader And Oda: Effects Of The Overseas Presidential Visit On Bilateral Official Development Aid In South Korea

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  • HOYONG JUNG

    (Department of Economics, Kookmin University, Seoul, South Korea)

Abstract

Overseas presidential visits are an essential diplomatic activity that support official development aid (ODA) for humanitarian and strategic purposes worldwide. This study examines the effects of such visits on bilateral ODA allocation by focusing on South Korea, which achieved economic development through foreign aid, subsequently becoming a donor country. We find that presidential diplomatic visits abroad increase ODA agreements in visiting countries, confirmed through multiple robustness checks. ODA is increased through several aid delivery channels (concessional loans, public institutions and summit meetings in recipient countries) with heterogeneous effects across regions. Thus, political leaders’ diplomatic visits are crucial to ODA allocation.

Suggested Citation

  • Hoyong Jung, 2024. "Political Leader And Oda: Effects Of The Overseas Presidential Visit On Bilateral Official Development Aid In South Korea," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 69(03), pages 1133-1150, June.
    • Handle: RePEc:wsi:serxxx:v:69:y:2024:i:03:n:s0217590823500406
    DOI: 10.1142/S0217590823500406
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