Export Insurance Policy When Exporting to Lesser-Known Markets

Türkmen Göksel

Sosyoekonomi Journal, 2010, issue 2010-2

Abstract: There are crucial differences between exporting to a lesser-known market and exporting to a well-known market. I define a well-known (lesser-known) market if exporters have complete (incomplete) information about importers' characteristics such as contract viability. This risk premium between a well-known market and a lesser-known market causes lower export volume to lesser-known markets. I find that governmentsupported export insurance policies can increase the total volume of exports to lesserknown markets. Moreover, this paper argues that mostly medium-sized firms are getting benefits from this policy.

Keywords: Exports; Insurance; Lesser-Known Markets; Incomplete Information. (search for similar items in EconPapers)
JEL-codes: D81 F10 F13 (search for similar items in EconPapers)
Date: 2010
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