IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/58839.html
   My bibliography  Save this book

Gesamtwirtschaftliche Auswirkungen der Exportgarantien in Österreich

Author

Listed:
  • Thomas Url

    (WIFO)

Abstract

Im internationalen Handel ist die Lieferung auf Ziel wegen längerer Transportwege das dominante Zahlungsverfahren und umfasst etwa 80% der Geschäftsfälle. Die Republik Österreich unterstützt deshalb österreichische Unternehmen durch Bundeshaftungen für Lieferforderungen aus Exportgeschäften. Zwischen 1950 und 2014 ergab die Summe an Einnahmen und Ausgaben für Exportgarantien einen geringfügigen kumulierten Überschuss von 70 Mio. € bzw. 0,03% der kumulierten Haftungszusagen. Das betriebswirtschaftliche Ergebnis der Exportgarantien ist langfristig ausgeglichen. Als Folge der Einstellung von Exportgarantien der Haftungsarten G1, G2 und G3 im Wert von 1,6 Mrd. € würden die Exporte i. w. S. dauerhaft um 1,9% unter dem Referenzpfad liegen, das Bruttoinlandsprodukt wäre um 0,6% niedriger als in der Basislösung ohne diese Maßnahme, und etwa 30.000 Arbeitsplätze würden verlorengehen. Die Integration Österreichs in internationale Wertschöpfungsketten nahm zwischen 1995 und 2011 deutlich zu; für einzelne Exportprodukte liegt der inländische Wertschöpfungsanteil am Projektvolumen bereits unter 50%, sodass eines der Vergabekriterien für Exportgarantien verletzt wird. Neben der vollständigen Aufhebung dieses Grenzwertes könnte in Zukunft ein niedrigerer Grenzwert in Betracht gezogen werden. Eine Senkung in Kombination mit alternativen vorab fixierten Kriterien für Exporteure ist ebenso möglich.

Suggested Citation

  • Thomas Url, 2016. "Gesamtwirtschaftliche Auswirkungen der Exportgarantien in Österreich," WIFO Studies, WIFO, number 58839, March.
  • Handle: RePEc:wfo:wstudy:58839
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/58839
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrew B. Bernard & Jonathan Eaton & J. Bradford Jensen & Samuel Kortum, 2003. "Plants and Productivity in International Trade," American Economic Review, American Economic Association, vol. 93(4), pages 1268-1290, September.
    2. Kalina Manova, 2013. "Credit Constraints, Heterogeneous Firms, and International Trade," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(2), pages 711-744.
    3. Oliver Hunke, 2014. "Export Credit Guarantees in a Globalised World," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 17-22, August.
    4. Gabriel J. Felbermayr & Erdal Yalcin, 2013. "Export Credit Guarantees and Export Performance: An Empirical Analysis for Germany," The World Economy, Wiley Blackwell, vol. 36(8), pages 967-999, August.
    5. Thomas Chaney, 2014. "The Network Structure of International Trade," American Economic Review, American Economic Association, vol. 104(11), pages 3600-3634, November.
    6. Bernard, Andrew B. & Bradford Jensen, J., 1999. "Exceptional exporter performance: cause, effect, or both?," Journal of International Economics, Elsevier, vol. 47(1), pages 1-25, February.
    7. Filip Abraham & Gerda Dewit, 2000. "Export Promotion Via Official Export Insurance," Open Economies Review, Springer, vol. 11(1), pages 5-26, January.
    8. James R. Markusen & Anthony J. Venables, 2021. "Multinational firms and the new trade theory," World Scientific Book Chapters, in: BROADENING TRADE THEORY Incorporating Market Realities into Traditional Models, chapter 3, pages 47-67, World Scientific Publishing Co. Pte. Ltd..
    9. JaeBin Ahn & Mary Amiti & David E. Weinstein, 2011. "Trade Finance and the Great Trade Collapse," American Economic Review, American Economic Association, vol. 101(3), pages 298-302, May.
    10. Harald Badinger & Thomas Url, 2013. "Export Credit Guarantees and Export Performance: Evidence from Austrian Firm-level Data," The World Economy, Wiley Blackwell, vol. 36(9), pages 1115-1130, September.
    11. Andrew Bernard & Joachim Wagner, 1997. "Exports and success in German manufacturing," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(1), pages 134-157, March.
    12. James E. Anderson & Eric van Wincoop, 2003. "Gravity with Gravitas: A Solution to the Border Puzzle," American Economic Review, American Economic Association, vol. 93(1), pages 170-192, March.
    13. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    14. Andrew B Bernard & J. Bradford Jensen, 2007. "Firm Structure, Multinationals, and Manufacturing Plant Deaths," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 193-204, May.
    15. Marcel P. Timmer & Bart Los & Robert Stehrer & Gaaitzen J. de Vries, 2013. "Fragmentation, incomes and jobs: an analysis of European competitiveness [Who captures value in global supply chains?]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 28(76), pages 613-661.
    16. Andrew B. Bernard & J. Bradford Jensen, 2004. "Why Some Firms Export," The Review of Economics and Statistics, MIT Press, vol. 86(2), pages 561-569, May.
    17. Karel Janda & Eva Michalikova & Jiri Skuhrovec, 2012. "Credit Support for Export: Evidence from the Czech Republic," CERGE-EI Working Papers wp461, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    18. Koen J. M. van der Veer, 2015. "The Private Export Credit Insurance Effect on Trade," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 82(3), pages 601-624, September.
    19. Goldberg Victor P., 2009. "The Devil Made Me Do It: The Corporate Purchase of Insurance," Review of Law & Economics, De Gruyter, vol. 5(1), pages 541-553, October.
    20. 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.
    21. Jan Stankovsky & Thomas Url, 1998. "Aus WIFO-Studien: Kosten und Nutzen der Exportgarantien in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(10), pages 687-690, October.
    22. Mary Amiti & David E. Weinstein, 2011. "Exports and Financial Shocks," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(4), pages 1841-1877.
    23. Beate Bischoff, 2014. "ECA-Cover in Germany: Does Foreign Content Policy Need to Be Reconsidered?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 23-25, August.
    24. Besedeš, Tibor & Kim, Byung-Cheol & Lugovskyy, Volodymyr, 2014. "Export growth and credit constraints," European Economic Review, Elsevier, vol. 70(C), pages 350-370.
    25. Robert C. Feenstra & Zhiyuan Li & Miaojie Yu, 2014. "Exports and Credit Constraints under Incomplete Information: Theory and Evidence from China," The Review of Economics and Statistics, MIT Press, vol. 96(4), pages 729-744, October.
    26. Martin Falk & Mariya Hake, 2008. "A Panel Data Analysis on FDI and Exports," WIFO Studies, WIFO, number 34229.
    27. James Ford & Herrick Mpuku & Prasanta Pattanaik, 1996. "Revenue risks, insurance, and the behavior of competitive firms," Journal of Economics, Springer, vol. 64(3), pages 233-246, October.
    28. Urban, Dieter M & Weder di Mauro, Beatrice & Moser, Christoph, 2009. "Offshoring, Firm Performance and Establishment-Level Employment: Identifying Productivity and Downsizing Effects," CEPR Discussion Papers 7455, C.E.P.R. Discussion Papers.
    29. Chor, Davin & Manova, Kalina, 2012. "Off the cliff and back? Credit conditions and international trade during the global financial crisis," Journal of International Economics, Elsevier, vol. 87(1), pages 117-133.
    30. Helpman, Elhanan, 1984. "A Simple Theory of International Trade with Multinational Corporations," Journal of Political Economy, University of Chicago Press, vol. 92(3), pages 451-471, June.
    31. repec:wsr:pbrief:y:2015:i:027 is not listed on IDEAS
    32. Kalina Manova & Shang-Jin Wei & Zhiwei Zhang, 2015. "Firm Exports and Multinational Activity Under Credit Constraints," The Review of Economics and Statistics, MIT Press, vol. 97(3), pages 574-588, July.
    33. S. Lael Brainard, 1993. "A Simple Theory of Multinational Corporations and Trade with a Trade-Off Between Proximity and Concentration," NBER Working Papers 4269, National Bureau of Economic Research, Inc.
    34. Marc Auboin & Martina Engemann, 2014. "Testing the trade credit and trade link: evidence from data on export credit insurance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(4), pages 715-743, November.
    35. Simeon Djankov & Caroline Freund & Cong S. Pham, 2010. "Trading on Time," The Review of Economics and Statistics, MIT Press, vol. 92(1), pages 166-173, February.
    36. Karel Janda & Eva Michalikova & Jiri Skuhrovec, 2013. "Credit Support for Export: Robust Evidence from the Czech Republic," The World Economy, Wiley Blackwell, vol. 36(12), pages 1588-1610, December.
    37. 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.
    38. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-638, June.
    39. Marcel Timmer & Abdul A. Erumban & Reitze Gouma & Bart Los & Umed Temurshoev & Gaaitzen J. de Vries & I–aki Arto & Valeria Andreoni AurŽlien Genty & Frederik Neuwahl & JosŽ M. Rueda?Cantuche & Joseph , 2012. "The World Input-Output Database (WIOD): Contents, Sources and Methods," IIDE Discussion Papers 20120401, Institue for International and Development Economics.
    40. Andrew Bernard & Joachim Wagner, 2001. "Export entry and exit by German firms," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(1), pages 105-123, March.
    41. David Drysdale, 2014. "Global Value Chains and ECA Content Policies," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 05-07, August.
    42. Altzinger, Wilfried & Landesmann, Michael, 2008. "Relocation of production and jobs to Central and Eastern Europe--Who gains and who loses," Structural Change and Economic Dynamics, Elsevier, vol. 19(1), pages 1-3, March.
    43. Carmichael, Calum M., 1987. "The control of export credit subsidies and its welfare consequences," Journal of International Economics, Elsevier, vol. 23(1-2), pages 1-19, August.
    44. Xiao Wang, 2015. "Trade credit, international trade costs and exports: cross-country firm-level evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 22(12), pages 993-998, August.
    45. Wilfried Altzinger & Michael Wild, 2007. "Umfang und Struktur der österreichischen Ausfuhrförderung sowie deren beschäftigungspolitische Implikationen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 33(3), pages 333-362.
    46. Jean-Jacques Laffont, 1989. "The Economics of Uncertainty and Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121360, April.
    47. Kindleberger, Charles P., 1993. "A Financial History of Western Europe," OUP Catalogue, Oxford University Press, edition 2, number 9780195077384.
    48. Koizumi, Tetsunori & Kopecky, Kenneth J., 1980. "Foreign direct investment, technology transfer and domestic employment effects," Journal of International Economics, Elsevier, vol. 10(1), pages 1-20, February.
    49. Peter Egger, 2001. "European exports and outward foreign direct investment: A dynamic panel data approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(3), pages 427-449, September.
    50. Gabriel Felbermayr & Erdal Yalcin & Inga Heiland, 2013. "Federal Export Credit Guarantees of the Federal Republic of Germany (Hermes Credit Guarantees)," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 63, September.
    51. Andrew B. Bernard, 2004. "Exporting and Productivity in the USA," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(3), pages 343-357, Autumn.
    52. Funatsu, Hideki, 1986. "Export Credit Insurance and Moral Hazard," 商学討究 (Shogaku Tokyu), Otaru University of Commerce, vol. 36(3), pages 217-235.
    53. repec:hal:spmain:info:hdl:2441/7an8r1ubqs93caeqs80puld0tp is not listed on IDEAS
    54. Jan Stankovsky & Thomas Url, 1998. "Kosten und Nutzen der Exportgarantien in Österreich," WIFO Studies, WIFO, number 2858, March.
    55. Fritz Breuss & Peter Egger & Jan Stankovsky, 1997. "Die Übereinstimmung der österreichischen Exportstruktur mit der Dynamik der Exportmärkte," WIFO Studies, WIFO, number 2834.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Agarwal, Natasha & Chan, Jackie M.L. & Lodefalk, Magnus & Tang, Aili & Tano, Sofia & Wang, Zheng, 2023. "Mitigating information frictions in trade: Evidence from export credit guarantees," Journal of International Economics, Elsevier, vol. 145(C).
    2. Harald Badinger & Thomas Url, 2013. "Export Credit Guarantees and Export Performance: Evidence from Austrian Firm-level Data," The World Economy, Wiley Blackwell, vol. 36(9), pages 1115-1130, September.
    3. Inga Heiland & Erdal Yalcin, 2021. "Export market risk and the role of state credit guarantees," International Economics and Economic Policy, Springer, vol. 18(1), pages 25-72, February.
    4. Duc Bao Nguyen & Anne‐Gaël Vaubourg, 2021. "Financial intermediation, trade agreements and international trade," The World Economy, Wiley Blackwell, vol. 44(3), pages 788-817, March.
    5. Natasha Agarwal & Zheng Wang, 2018. "Does the US EXIM Bank really promote US exports?," The World Economy, Wiley Blackwell, vol. 41(5), pages 1378-1414, May.
    6. Thomas Url, 2018. "Die Folgen staatlicher Wechselbürgschaften und Beteiligungsgarantien für Inlandsbeschäftigung und Leistungsbilanz," WIFO Studies, WIFO, number 61057, March.
    7. Ben Jelili Riadh, 2020. "Do Default Loss Risks Matter for Arab Exports? Evidence from a Gravity Modelling Approach," Review of Middle East Economics and Finance, De Gruyter, vol. 16(3), pages 1-22, December.
    8. Harald Badinger & Thomas Url, 2014. "Users and Effects of Austrian Export Credit Guarantees," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(3), pages 39-44, August.
    9. Hea-Jung Hyun & Jung Hur, 2021. "Global Financial Crisis, Export Credit Insurance, and Scope Adjustment of Multiproduct Exporting Firms," Working Papers 2106, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    10. Harald Badinger & Thomas Url, 2014. "Users and Effects of Austrian Export Credit Guarantees," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 39-44, August.
    11. Gabriel Felbermayr & Inga Heiland & Erdal Yalcin & Gabriel J. Felbermayr, 2012. "Mitigating Liquidity Constraints: Public Export Credit Guarantees in Germany," CESifo Working Paper Series 3908, CESifo.
    12. Muûls, Mirabelle, 2015. "Exporters, importers and credit constraints," Journal of International Economics, Elsevier, vol. 95(2), pages 333-343.
    13. Kichun Kang & Phyllis Keys & Yoon S. Shin, 2016. "Free Trade Agreements And Bridgehead Effect: Evidence From Korea–Chile Fta," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(05), pages 1-17, December.
    14. Federico J. Diez & Jesse Mora & Alan C. Spearot, 2016. "Firms in international trade," Working Papers 16-25, Federal Reserve Bank of Boston.
    15. Kemal Turkcan, 2016. "Evolving Patterns of Payment Methods in Turkish Foreign Trade," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 2(1), pages 3-29, June.
    16. OGAWA Kazuo & TOKUTSU Ichiro, 2015. "Hysteresis in Japanese Export Market: A Dynamic Random-Effect Probit Approach to Panel Data of Japanese Machinery-manufacturing Firms," Discussion papers 15031, Research Institute of Economy, Trade and Industry (RIETI).
    17. Hyelin Choi & Kyunghun Kim, 2021. "Effect of Export Credit Insurance on Export Performance: An Empirical Analysis of Korea," Asian Economic Journal, East Asian Economic Association, vol. 35(4), pages 413-433, December.
    18. Ogawa, Kazuo & Saito, Mika & Tokutsu, Ichiro, 2017. "Did divine wind rescue Japan out of the lost decade?," Journal of the Japanese and International Economies, Elsevier, vol. 44(C), pages 39-51.
    19. Iacovone, Leonardo & Ferro, Esteban & Pereira-López, Mariana & Zavacka, Veronika, 2019. "Banking crises and exports: Lessons from the past," Journal of Development Economics, Elsevier, vol. 138(C), pages 192-204.
    20. Defever, F. & Riaño, A. & Varela, G., 2020. "Evaluating the Impact of Export Finance Support On Firm-level Export Performance: Evidence from Pakistan," Working Papers 20/14, Department of Economics, City University London.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:58839. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.