@article{Nguyen Phuc_Huynh_Reisach_Kim_2022, title={How does Japanese ODA really contribute to economic growth for ASEAN countries?}, volume={22}, url={https://jiem.ftu.edu.vn/index.php/jiem/article/view/108}, DOI={10.38203/jiem.022.2.0049}, abstractNote={Japan has provided ODA funding for promoting economic development in ASEAN countries for a long time. This study aims to verify how Japan’s ODA contributes to economic growth of the ASEAN countries during the period of 2008-2020. Based on the Cobb-Douglas production function, we build a model to estimate the effects of the ODA funding on economic growth. The results show that the ODA exhibits a significantly positive relationship with economic growth of these countries. A one percent increase in the ODA inflow contributes to the economic growth by 0.226 percent. Capital and labor are important factors driving the economic growth while FDI has a negligible impact.}, number={2}, journal={Journal of International Economics and Management}, author={Nguyen Phuc, Phuc Hien and Huynh, Anh Ngoc Quang and Reisach, Ulrike and Kim, Xuyen Le Thi}, year={2022}, month={Jul.}, pages={71-83} }