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

Badinger, Harald and Url, Thomas (2013) Export Credit Guarantees and Export Performance: Evidence from Austrian Firm-level Data. World Economy, 36 (9). pp. 1115-1130. ISSN 0378-5920

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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.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription. This is the peer reviewed version of the following article: which has been published in final form at http://dx.doi.org/10.1111/twec.12085. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Classification Codes: JEL F13, H81, C21
Divisions: Departments > Finance, Accounting and Statistics > Statistics and Mathematics
Departments > Volkswirtschaft > Internationale Wirtschaft
Forschungsinstitute > Europafragen
Version of the Document: Accepted for Publication
Depositing User: Gertraud Novotny
Date Deposited: 15 Mar 2017 16:02
Last Modified: 15 Mar 2017 16:04
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/62970/
URI: http://epub.wu.ac.at/id/eprint/5469

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