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How do Export Risk Guarantees affect Exports? The Case of Switzerland

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Listed:
  • Nils Herger
  • Michael Lobsiger

Abstract

For the case of Switzerland, this paper endeavours to uncover in how far officially backed guarantees on trade finance achieve their stipulated goal of promoting exports.The results of gravity equations suggest that the Swiss Export Risk Insurance scheme increases exports in the manufacturing sector by around 1 per cent.As regards specific destination countries and industries, this average increase is highly concentrated and accrues primarily with exports towards large emerging markets and of chemical products as well as machinery.

Suggested Citation

  • Nils Herger & Michael Lobsiger, 2010. "How do Export Risk Guarantees affect Exports? The Case of Switzerland," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 65(3), pages 297-319, September.
    • Handle: RePEc:usg:auswrt:2010:65:3:297-319
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    File URL: http://ux-tauri.unisg.ch/RePEc/usg/auswrt/AW_65-03__04_Herger-Lobsiger.pdf
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    References listed on IDEAS

    as
    1. Dewit, Gerda, 2001. "Intervention in risky export markets: insurance, strategic action or aid?," European Journal of Political Economy, Elsevier, vol. 17(3), pages 575-592, September.
    2. Ernst Baltensperger & Nils Herger, 2009. "Exporting against Risk? Theory and Evidence from Public Export Insurance Schemes in OECD Countries," Open Economies Review, Springer, vol. 20(4), pages 545-563, September.
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    6. Christoph Moser & Thorsten Nestmann & Michael Wedow, 2008. "Political Risk and Export Promotion: Evidence from Germany," The World Economy, Wiley Blackwell, vol. 31(6), pages 781-803, June.
    7. Chauffour, Jean-Pierre & Farole, Thomas, 2009. "Trade finance in crisis : market adjustment or market failure ?," Policy Research Working Paper Series 5003, The World Bank.
    8. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    9. Peter Egger & Thomas Url, 2006. "Public Export Credit Guarantees and Foreign Trade Structure: Evidence from Austria," The World Economy, Wiley Blackwell, vol. 29(4), pages 399-418, April.
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    Cited by:

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    2. Ali Polat & Mehmet Yesilyaprak, 2017. "Export Credit Insurance and Export Performance: An Empirical Gravity Analysis for Turkey," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(8), pages 12-24, August.

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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