Export Credit Guarantees and Export Performance: Evidence from Austrian Firm‐level Data

Badinger, Harald; Url, Thomas

doi:10.1111/twec.12085

Cited by 33 publications

(18 citation statements)

References 48 publications

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“…They use firm panel data from India and confirm the important role of financial factors. Badinger and Url (2012) use data for 178 Austrian exporting firms for the year 2008 to investigate the impact of export guarantees and find that the use of these guarantees have a large positive effect on firm-specific export performance. Eck et al (2012) Performance Surveys (BEEPS).…”

Section: A Survey Of Empirical Studies On Financial Constraints and Ementioning

confidence: 99%

Credit constraints and exports: evidence for German manufacturing enterprises

Wagner

2013

Applied Economics

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This study uses newly available enterprise level data for firms from manufacturing industries in Germany to test for the link between credit constraints, measured by a credit rating score from the leading credit rating agency Creditreform, and exports. In line with hypotheses from theoretical model we find a positive link between a better credit rating score of a firm and both the probability that the firm is an exporter and a higher share of exports in total sales. This link, though statistically highly significant, is not very strong from an economic point of view. While empirical evidence for the hypothesis that credit constrained firms are less likely to start to export is at best weak, we find no evidence for a statistically significant difference in credit rating scores between firms that stopped to export and firms that continued to export.

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Section: A Survey Of Empirical Studies On Financial Constraints and Ementioning

confidence: 99%

Credit constraints and exports: evidence for German manufacturing enterprises

Wagner

2013

Applied Economics

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“…The positive effect of export guarantee increases for some emerging countries like Russia, Iran, Turkey, Mexico, or Indonesia as well as in some sectors like chemical and machinery industry. Badinger and Url (2013) analysis the effects of export credit guarantee usage on trade for a new cross-sectional data of Austria for the year 2008. In their sample, the companies that use public export credit guarantees are large, stand-alone domestic firms with a high R&D intensity and a high risk exposure.…”

Section: Literature Reviewmentioning

confidence: 99%

Export Credit Insurance and Export Performance: An Empirical Gravity Analysis for Turkey

Polat¹,

Yeşilyaprak²

2017

IJEF

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The paper attempts to find out how far Turkey’s official export credit agency, Turk Eximbank, foster export of Turkey during the years of 2000-2015 by employing an empirical trade gravity equation. We estimate different panel gravity regressions for 212 countries for the period of 16 years and the results reveal that a change in export credit insurance positively affect Turkish export, assuming other independent variables are held constant. After applying several post estimation tests we used fixed effect panel specification as the main estimation. In order to allow comparison we also run clustered, robust OLS. Poisson fixed effect (Poisson) and Poisson Pseudo maximum likelihood estimations (PPML) are also estimated to allow for zero trade values in dependent variable in its level. Our analysis also shows that there are significant individual and time effects in panel data structure. Our estimate of different panel gravity regressions for 212 countries and 16 years revealed that increasing export insurance will positively affect Turkish export.

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“…German government-backed export credit guarantees have the largest effect for export markets with poor or lacking financial institutions, such as export insurance and guarantee institutions (Felbermayr and Yalcin 2013). Austrian firm-level data reveal that larger firms make more of available export guarantees and that such usage increases firm exports from some 80% to 100% compared to the control group (Badinger and Url 2013).…”

Section: Empirical Strategy 10mentioning

confidence: 99%

Testing the Link between Accessible Export Finance and Insurance, and Regional Trade Growth in Africa and Asia: A Role for Regional Export Credit and Investment Guarantee Agency (ECIGA)

Brunner¹

2015

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Hans-Peter Brunner (hbrunner@adb.org) is Senior Economist at the Asian Development Bank (ADB). Terms of use: Documents inThe author thanks the Berne Union, Marc Auboin from the World Trade Organization, and Martina Engemann for generously providing the data on export credit, GDP, real effective exchange rates, and money supply M1. Further, I acknowledge the help of Joao Fernandes Farinha, Senior Financial Sector Economist at ADB in framing the issues and questions the paper addresses. Also acknowledged is the able research assistance by Damaris Yarcia and Ser Peña-Reyes, and the application of econometric tests by Jason Alinsunurin. The views expressed in this paper are those of the author and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ASIAN DEVELOPMENT BANKADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use.By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Note: In this publication, "$" refers to US dollars.The ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

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Export Credit Guarantees and Export Performance: Evidence from Austrian Firm‐level Data

Cited by 33 publications

References 48 publications

Credit constraints and exports: evidence for German manufacturing enterprises

Credit constraints and exports: evidence for German manufacturing enterprises

Export Credit Insurance and Export Performance: An Empirical Gravity Analysis for Turkey

Testing the Link between Accessible Export Finance and Insurance, and Regional Trade Growth in Africa and Asia: A Role for Regional Export Credit and Investment Guarantee Agency (ECIGA)

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