California's Exports and the 2004 Overseas Office Closures

Andrew Cassey ()

No 2008-28, Working Papers from School of Economic Sciences, Washington State University

Abstract: Because of an endogeneity problem, estimating the impact of state export promotion programs on exports is difficult. The 2003 California budget crisis provides a natural experiment, circumventing this problem. Due to the crisis, California closed all 12 overseas oces on January 1, 2004. Applying the differences-in-differences estimator to a sample of 44 countries over eight years yields mixed results. The estimated 0.02% increase in exports if the offices remained open is not robust. Therefore, any impact of California's overseas offices on exports is roughly the size of the largest random fluctuations.

Keywords: international trade; exports; promotion; overseas offices; differences-in-differences (search for similar items in EconPapers)
JEL-codes: F13 H76 L60 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2008-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: CALIFORNIA'S EXPORTS AND THE 2004 OVERSEAS OFFICE CLOSURES (2012)
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