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Gravitační a fiskální modely státní podpory exportních úvěrů v České republice

Gravity and Fiscal Models of Government Support of Export Credit in the Czech Republic

Karel Janda (), Eva Michalíková and Věra Potácelová

Politická ekonomie, 2010, vol. 2010, issue 3, 305-325

Abstract: The article deals with the export credit promotion in the Czech Republic. The econometric analysis of the gravity model of Czech trade shows that the credit support provided by specialized government agency, Czech Export Bank, has a positive but statistically weak influence on export. The other determinants of the Czech export in our model are GDP, distance, gross fixed capital formation, and policy risk. The comparison of estimated tax revenues from the supported projects with government subsidies provided to the Czech Export Bank shows that export promotion does not create a financial burden for the government budget. The budgetary costs of export credit support are offset by the tax revenues generated by supported export.

Keywords: credit; export; Government Support (search for similar items in EconPapers)
JEL-codes: C23 F14 G28 (search for similar items in EconPapers)
Date: 2010
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