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

Harald Badinger and Thomas Url
Additional contact information
Thomas Url: WIFO

No 423, WIFO Working Papers from 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.

Keywords: Exports; public export credit guarantees (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012-03
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Journal Article: Export Credit Guarantees and Export Performance: Evidence from Austrian Firm-level Data (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2012:i:423

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