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공적개발원조가 개발도상국가의 경제성장에 미치는 효과 분석
During the past several decades, a great much money have been given out to developing countries as part of official development assistance (ODA). ODA may be of critical importance in the economic growth of developing countries. However, a number of people in developing countries still live in abject poverty and most of them live on less than a dollar per day. Thus, the impact of ODA on economic growth in developing countries has been investigated by many professionals. However, the resulting conclusions are not always in agreement. Korea was in the status of the recipient countries that receive assistance from the international community. But the korean economy growing, it has been leaved out from the recipient country list in 1995 and it has become the first developing country to join the DAC in 2009. This paper explored the impact of ODA on economic growth in developing countries by using internationally comparable data from 45 developing countries for the years 1990-2020, which is perhaps the largest cross-country data-set ever used to examine the issue. A framework that has considerable appeal in terms of modeling the impact of ODA on economic growth was employed. Apart from physical capital and human capital, ODA was specifically included. By reducing the standard error of the regression, the model that includes ODA capital explains the variation in both the per-capita income level and per-capita rate of GDP growth across countries more than the model that does not include ODA capital. In other words, the steady-state income regressions and the growth regressions give a consistent view of the impact of ODA on per-capita GDP : it is statistically significant and positive for the countries in the sample. However, it was found that the effects of ODA on economic growth differ according to regions and income levels. Thus, we can conclude that ODA does contribute to the economic growth of developing countries. This finding may yield firm policy conclusions that can be drawn for economic growth in the developing world. The suggestion that countries can significantly enhance their growth by receiving further ODA seems to be supported by the available data.
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