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Employment Effects of the Federal Republic of Germany’s Export Credit Guarantees (“Hermes Guarantees”)

Author

Listed:
  • Gabriel Felbermayr
  • Inga Heiland
  • Erdal Yalcin

Abstract

Companies in Germany have access to export credit guarantees, which are also known as “Hermes guarantees”. In the framework of a topical study, the Ifo Institute assessed the employment effect of Hermes guarantees over the past ten years. The analysis shows that Hermes guarantees were especially used for exports to target countries that are characterised by both their high growth potential and a high risk environment. The analysis showed that the effect of Hermes guarantees on promoting exports also leads to higher employment in Germany.

Suggested Citation

  • Gabriel Felbermayr & Inga Heiland & Erdal Yalcin, 2012. "Employment Effects of the Federal Republic of Germany’s Export Credit Guarantees (“Hermes Guarantees”)," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(01), pages 20-30, January.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:01:p:20-30
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    References listed on IDEAS

    as
    1. Gabriel J. Felbermayr & Erdal Yalcin, 2013. "Export Credit Guarantees and Export Performance: An Empirical Analysis for Germany," The World Economy, Wiley Blackwell, vol. 36(8), pages 967-999, August.
    2. Alberto Abadie & Guido W. Imbens, 2011. "Bias-Corrected Matching Estimators for Average Treatment Effects," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(1), pages 1-11, January.
    3. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    4. Anja Hönig, 2009. "The New EBDC Dataset: An Innovative Combination of Survey and Financial Statement Data," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(04), pages 62-63, January.
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    Cited by:

    1. Christian Seiler, 2012. "The Data Sets of the LMU-ifo Economics & Business Data Center – A Guide for Researchers," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 132(4), pages 609-618.
    2. Kranzusch, Peter & Holz, Michael, 2013. "Internationalisierungsgrad von KMU: Ergebnisse einer Unternehmensbefragung," IfM-Materialien 222, Institut für Mittelstandsforschung (IfM) Bonn.
    3. Alexander-Nikolai Sandkamp & Erdal Yalcin, 2016. "Regulatory Policy Adjustments in Germany’s Export Promotion Instruments in Light of Cross-Border Production Chains," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(02), pages 44-54, July.
    4. Alexander-Nikolai Sandkamp & Erdal Yalcin, 2016. "Regulatory Policy Adjustments in Germany’s Export Promotion Instruments in Light of Cross-Border Production Chains," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(2), pages 44-54, 07.
    5. Andreas Klasen, 2014. "Export Credit Guarantees and the Demand for Insurance," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 26-33, August.

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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