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Export Credit Guarantees and Export Performance. Evidence from Austrian Firm-Level Data

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Author Info

  • Harald Badinger

    (WIFO)

  • Thomas Url

    (WIFO)

Abstract

This paper provides an economic assessment of export credit guarantee commitments by the Austrian export credit agency, using firm-level data on a cross-section of 178 Austrian exporting firms for the year 2008. In a first step, we estimate the relative importance of various determinants of export guarantee usage. Results suggest that the most crucial determinants are: firm size, whether or not the firm is part of a multinational enterprise, exposure to revenue risk, and R&D intensity. In a second step, we investigate the effects of export guarantees on export performance. Identification is achieved by using as instruments the exogenous determinants of export guarantee usage identified in the first step. We find that there are economically and statistically significant effects of export credit guarantee usage on firm-specific export performance ranging from some 80 to 100 percent compared with the control group of non-users.

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Bibliographic Info

Paper provided by WIFO in its series WIFO Working Papers with number 423.

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Length: 23 pages
Date of creation: 16 Mar 2012
Date of revision:
Handle: RePEc:wfo:wpaper:y:2012:i:423

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Keywords: Exports; public export credit guarantees;

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References

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Citations

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Cited by:
  1. Wagner, Joachim, 2012. "Credit constraints and exports: Evidence for German manufacturing enterprises," Working Paper Series in Economics and Institutions of Innovation 286, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  2. Zheng, J., 2012. "Essays on pensions, health expectancy and credit insurance," Open Access publications from Tilburg University urn:nbn:nl:ui:12-5661243, Tilburg University.

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