| 요약2 |
In spite of the assistance of developed countries to developing countries for more than 70 years after World War II, only a few countries, including South Korea, escaped from poverty. Since developing countries have higher growth potential, ODA's aids for these countries are expected to continue to grow. Therefore, in this study, the impact of ODA aids and urbanization of developing countries on economic growth is empirically analyzed with 73 countries between 1996-2012. In addition, developing countries are classified and analyzed based on the stage of development taking into account the major elements of development and income level. The results show that urbanization has the most positive impact on economic growth, followed by the ODA aids for social infrastructure, economic infrastructure, and multi-part. The effects on economic growth vary based on the stage of development. In particular, the aids for social infrastructure and multi-part appear to be more effective on economic growth in those countries with a lower level of development, while urbanization, physical capital, human capital are more effective to those with a higher level of development. |