POLITICAL LEADER AND ODA: EFFECTS OF THE OVERSEAS PRESIDENTIAL VISIT ON BILATERAL OFFICIAL DEVELOPMENT AID IN SOUTH KOREA

Hoyong Jung ()
Additional contact information
Hoyong Jung: Department of Economics, Kookmin University, Seoul, South Korea

The Singapore Economic Review (SER), 2024, vol. 69, issue 03, 1133-1150

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.

Keywords: President; diplomatic visit; bilateral; official development aid; South Korea (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590823500406
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:69:y:2024:i:03:n:s0217590823500406

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590823500406

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().