• Title/Summary/Keyword: 해외 건설

Search Result 881, Processing Time 0.025 seconds

A Study on the Effectiveness of Overseas Construction Projects Using Official Development Assistance(ODA) (공적개발원조(ODA)를 활용한 해외건설사업 수주의 실효성에 관한 연구)

  • Park, Ji Yeon;Yang, Wook Jae
    • The Journal of the Korea Contents Association
    • /
    • v.18 no.6
    • /
    • pp.144-154
    • /
    • 2018

  • While the local construction market has lost its steam in recent years, it is discussed that the overseas construction projects should be activated by using the Official Development Assistance (ODA) in terms of finding a new way. This study empirically identifies the relationship between ODA and the foreign construction orders, and discovers the effectiveness of orders for overseas construction projects using the ODA. Therefore, based on the past 25 years of time-series data on Asia, the VECM model was used to identify the relationship between the Asia country's ODA and construction orders. As a result, it has shown a lower-than-expected correlation between the value of ODA and the construction orders. There are several reasons for this; This is because profit-purpose construction projects and ODA for public welfare are fundamentally different, and the timing of ODA applications and overseas construction orders are different. Also, compared to other developed countries, Korea has far less experience and scale of ODA. At last, there are huge differences in the size of ODA and construction orders. In conclusion, although the effectiveness of overseas construction orders based on ODA was not clearly disclosed, the significance of this study is that it attempted to conduct a empirical study on the relationship between ODA and overseas construction orders. Further relationships are expected to be drawn through the accumulation of future ODA experience and the supplementation of time series data, which can provide on a theoretical and practical basis.

  • https://doi.org/10.5392/JKCA.2018.18.06.144 인용 PDF KSCI