 Evaluating the impact of export finance support on firm‐level export performance: Evidence from PakistanFabrice Defever, Alejandro Riaño () and Gonzalo Varela Post-Print from HAL Abstract: This paper evaluates the impact of two large export finance support schemes on firm‐level export performance. The Export Finance Scheme (EFS) and the Long‐Term Finance Facility for Plant & Machinery (LTFF) provide loans at subsidized interest rates for Pakistani exporters to finance working capital and the purchase of machinery and equipment, respectively. We combine customs data with information on firms' participation in each program between 2015 and 2017 and use matching combined with difference‐in‐differences to estimate the effect of the subsidies on firms' export values, the number of products exported and the number of destinations they serve. We find that both programs deliver a large and positive impact on export growth rates—primarily along the intensive margin—and do so in an effective way relative to the direct financial cost of the subsidies. Date: 2025-09-23 Published in Canadian Journal of Economics / Revue Canadienne d'Économique, 2025, ⟨10.1111/caje.70013⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05362625 DOI: 10.1111/caje.70013 Access Statistics for this paper More papers in Post-Print from HAL |
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