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

Author

Listed:
  • 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.

Suggested Citation

  • Harald Badinger & Thomas Url, 2012. "Export Credit Guarantees and Export Performance. Evidence from Austrian Firm-Level Data," WIFO Working Papers 423, WIFO.
  • Handle: RePEc:wfo:wpaper:y:2012:i:423
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Roman Stöllinger, 2015. "Eine Anatomie des österreichischen Exportwachstums nach der Krise," FIW Policy Brief series 026, FIW.
    2. Joachim Wagner, 2014. "Credit constraints and exports: evidence for German manufacturing enterprises," Applied Economics, Taylor & Francis Journals, vol. 46(3), pages 294-302, January.
    3. repec:wfo:monber:y:2017:i:9:p:677-699 is not listed on IDEAS
    4. repec:kap:jincot:v:17:y:2017:i:2:d:10.1007_s10842-016-0222-3 is not listed on IDEAS
    5. Harald Oberhofer, 2014. "Die Wettbewerbsfähigkeit der österreichischen Exportwirtschaft: Die Rolle der KMUs," FIW Policy Brief series 025, FIW.
    6. Inga Heiland & Erdal Yalcin, 2015. "Export Market Risk and the Role of State Credit Guarantees," CESifo Working Paper Series 5176, CESifo Group Munich.
    7. Kemal Turkcan, 2016. "Evolving Patterns of Payment Methods in Turkish Foreign Trade," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 2(1), pages 3-29, June.
    8. Gunther Tichy, 2015. "Austria as a Business Location – From Fast Lane to Siding," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(8), pages 635-648, August.
    9. Harald Badinger & Thomas Url, 2014. "Users and Effects of Austrian Export Credit Guarantees," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(3), pages 39-44, August.
    10. Roman Stöllinger & Mario Holzner, 2017. "State Aid and Export Competitiveness in the EU," Journal of Industry, Competition and Trade, Springer, vol. 17(2), pages 203-236, June.
    11. Natasha Agarwal & Zheng Wang, 2016. "Does the US EXIM Bank Really Promote US Exports?," Discussion Papers 2016-12, University of Nottingham, GEP.

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    Keywords

    Exports; public export credit guarantees;

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