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Preferential Credit and Insurance as Means to Promote Exports

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  • Fitzgerald, Bruce
  • Monson, Terry
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    Abstract

    Rationales for preferential export credit and export credit insurance are reviewed and several countries' programs are examined to determine if these preferential programs are appropriate export promotion instruments for developing countries. Market failure is the most compelling rationale for their introduction but these arguments have not been well articulated and there is not systematic analysis of the costs of alternative government responses. Industrial countries' programs have histories of subsidy while developing countries' preferential programs have not been significant factors in stimulating exports. Copyright 1989 by Oxford University Press.

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    Bibliographic Info

    Article provided by World Bank Group in its journal World Bank Research Observer.

    Volume (Year): 4 (1989)
    Issue (Month): 1 (January)
    Pages: 89-114

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    Handle: RePEc:oup:wbrobs:v:4:y:1989:i:1:p:89-114

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    Cited by:
    1. Panagariya, Arvind, 2000. "Evaluating the case for export subsidies," Policy Research Working Paper Series 2276, The World Bank.
    2. Broll, Udo & Wahl, Jack E., 1998. "Missing risk sharing markets and the benefits of cross-hedging in developing countries," Journal of Development Economics, Elsevier, vol. 55(1), pages 43-56, February.
    3. World Bank, 2001. "Trade and Foreign Exchange Policies in Iran : Reform Agenda, Economic Implications and Impact on the Poor," World Bank Other Operational Studies 15478, The World Bank.

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