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Reform of Agricultural Export Credit Programs

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  • Rude, James

Abstract

This paper examines whether government-sponsored export credit arrangements have the same effect on trade as direct export subsidies. The export credit programs for several major agricultural exporters are described. These programs are compared to OECD disciplines for export credit arrangements, and the consequences of extending these guidelines to agriculture are analysed. None of the programs discussed would be consistent with the OECD guidelines. Since export credit arrangements have many of the same characteristics as targeted export subsidies, the same analytical framework can be used to analyse these programs. However, it is necessary to determine implicit subsidy values for the program.

Suggested Citation

  • Rude, James, 2000. "Reform of Agricultural Export Credit Programs," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 1(2), pages 1-13.
    • Handle: RePEc:ags:ecjilt:23836
    DOI: 10.22004/ag.econ.23836
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    References listed on IDEAS

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    1. Hyberg, Bengt & Smith, Mark & Skully, David & Davison, Cecil, 1995. "Export credit guarantees: The commodity credit corporation and US agricultural export policy," Food Policy, Elsevier, vol. 20(1), pages 27-39, February.
    2. Philip C. Abbott & Philip L. Paarlberg & Jerry A. Sharples, 1987. "Targeted Agricultural Export Subsidies and Social Welfare," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 723-732.
    3. Skully, David W, 1992. "Price Discrimination and State Trading: The Case of U.S. Wheat," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 19(3), pages 313-329.
    4. Dahl, Bruce L. & Johnson, D. Demcey & Wilson, William W. & Gustafson, Cole R., 1995. "Credit Guarantee Programs in International Grain Markets: Background and Issues," Agricultural Economics Reports 23331, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. International Monetary Fund, 1997. "Recent Export Credit Market Developments," IMF Working Papers 1997/027, International Monetary Fund.
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    Cited by:

    1. Paul Rienstra-Munnicha & Calum G. Turvey, 2002. "The Relationship between Exports, Credit Risk and Credit Guarantees," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 50(3), pages 281-296, November.
    2. Thompson, Wyatt, 2007. "Inconsistent Objectives of Agricultural Export Credit Disciplines," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 8(1), pages 1-13.
    3. Sacchidananda Mukherjee & Debashis Chakraborty & Julien Chaisse, 2014. "Influence of Subsidies on Exports empirical estimates,policy evidences and regulatory prospects," Working Papers 1422, Indian Institute of Foreign Trade.
    4. Young, Linda M. & Abbott, Philip C. & Leetmaa, Susan E., 2001. "Export Competition: Issues And Options In The Agricultural Negotiations," Commissioned Papers 14624, International Agricultural Trade Research Consortium.

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