Federal Export Credit Guarantees of the Federal Republic of Germany (Hermes Credit Guarantees)
Gabriel Felbermayr,
Erdal Yalcin and
Inga Heiland
in ifo Forschungsberichte from ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Abstract:
The Federal Republic of Germany insures under certain conditions export transactions against economic and political risk by export guarantees (Hermes Credit Guarantees). A major objective of this instrument is to support German export industries in their international competitiveness and thus to create and maintain jobs in Germany. The ifo institute’s center for international economics evaluates to what extent Hermes guarantees lead to job creation and increased value added effects in Germany and furthermore, how big these effects turn out to be. The research approach is empirical and uses modern methods of econometric policy evaluation. Effects of Hermes credit guarantees across different countries (different risk profiles) are analyzed based on aggregate trade statistics. Furthermore, industry and firm specific effects are elaborated based on micro-data from the ifo business cycle survey.
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
https://www.ifo.de/DocDL/ifo_Forschungsberichte_63.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ces:ifofob:63
Access Statistics for this book
More books in ifo Forschungsberichte from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().