Exporting against Risk? Theory and Evidence from Public Export Insurance Schemes in OECD Countries
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资源简介:
This paper endeavours to find out in how far public export insurance
schemes foster international trade. Thereto, a gravity equation is derived,
which accounts for the risk of financial losses in case firms contract defaulting
foreign buyers. Empirical results suggest that OECD countries issuing trade
credits with generous state-guarantees did not, during the 1999 to 2005 period,
witness more exports towards politically and commercially more unstable low income countries. Rather, publicly indemnified trade finance has promoted
exports, to a modest degree, towards high and middle-income countries, where
financial intermediaries and markets provide viable alternatives to hedge
against payment risks.
提供机构:
ICPSR - Interuniversity Consortium for Political and Social Research
创建时间:
2026-01-29



