CEU Electronic Theses and Dissertations, 2015
| Author | Dolgiy, Ilya Vladimirovich |
|---|---|
| Title | Export Credit Agencies and Export Performance: Evidence from Sweden |
| Summary | This research explores the empirical relationship between export insurance provided by Swedish ECA “EKN” and total exports of goods and services from Sweden for the period of 2008-2014 by using Ordinary Least Squares (OLS) method based on the gravity equation of international trade. The results provide evidence of positive and statistically significant effect of export guarantees on the level of Swedish exports, when additionally controlling for importer’s GDP, population and distance. The positive impact of EKN’s export guarantees more than doubles after adding a proxy for importer’s risk category to the regression, while the risk coefficient is negative, which means that political risk represents a significant constraint for the development of exports from Sweden to more risky countries. The impact of short-term export guarantees on Swedish exports is much stronger in comparison to long-term guarantees. As for the length of export insurance, it appears that small-sized guarantees are the most efficient in fostering exports. Moreover, the findings show that the effectiveness of EKN’s export guarantees is heterogeneous with respect to geographical position of importing country, as well as to its GNI per capita level. |
| Supervisor | Miklós Koren |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2015/dolgiy_ilya.pdf |
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