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Open AccessArticle

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

by Suk-Won Lee 1,* and Jae-Keun Jeon 2
1
Seoul Housing & Communities Corporation, 621, Gaepo-ro, Gangnam-gu, Seoul 06336, Korea
2
Korea Institute of S&T Evaluation and Planning, 68, Mabang-ro, Seocho-gu, Seoul 06775, Korea
*
Author to whom correspondence should be addressed.
Sustainability 2018, 10(12), 4491; https://doi.org/10.3390/su10124491
Received: 16 October 2018 / Revised: 22 November 2018 / Accepted: 27 November 2018 / Published: 29 November 2018
(This article belongs to the Special Issue Sustainable Development and Management of Mega Projects)
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. View Full-Text
Keywords: mega project; official development assistance; infrastructure construction project; developing country; economic fluctuation; vector error correction model mega project; official development assistance; infrastructure construction project; developing country; economic fluctuation; vector error correction model
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Lee, S.-W.; Jeon, J.-K. Dynamic Relationships between Mega Projects and Official Development Assistance: Case of South Korean Infrastructure Construction Projects in ASEAN’s Developing Countries. Sustainability 2018, 10, 4491.

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