1. Research interested Aid for Trade(AfT) 2. Article / JournalAid for Trade and Greenfield Investment/ World Development 3. Presenter : Byoungkyun Jeon 4. When 2019. 01. 16. (Wed.) - 12:00 ~ 13:30 5. Where Seminar room 406, Graduate School of International Agricultural Technology 6. Main contents○ Understanding of the economic impact of AfT by considering its effects on new international investment in the form of greenfield projects. ○ Compile bilateral data for 25 donor and 120 recipient countries for the period 2003?13 in order to investigate the relationship between aid and international investment. ○ The effects of bilateral AfT on counts and values of bilateral greenfield investment 7. Method-used ○ Gravity model with bilateral and time-varying country fixed effects. ○ Poisson Pseudo-Maximum Likelihood (PPML) estimator 8. Results ○ This study found that 10% increase in annual Big 5 Donor bilateral AfT translates to 25 additional greenfield projects per year in the recipient countries (as a group) worth about $1.7 billion. ○ Robust results emerge when these donors send aid to non-LDC recipients, countries that receive the most AfT. ○ This study see evidence that a critical level of aid is required to encourage greenfield investment. ○ AfT appears to be promoting the development of some recipient countries but perhaps not that of the poorest and neediest.