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Empirically Analyzing the Impacts of U.S. Export Credit Programs on U.S. Agricultural Export Competitiveness

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  • Mulik, Kranti
  • Rienstra-Munnicha, Paul
  • Koo, Won W.

Abstract

This paper looked at the on the ongoing debate on the use of public export credit programs and their impact on US exports. Our results indicate that cost saving is significant beneficial to the importing countries as a result of the export credit programs. There is also an increase in US exports as a result of the US export credit programs. However, there is a reduction in cost savings to the importing countries when the length of repayment of export credit is 180 days. Thus, the more restrictive terms and conditions of officially supported export credits which the WTO is trying to discipline based on their implicitly subsidized components will have some adverse impact on the importing countries.

Suggested Citation

  • Mulik, Kranti & Rienstra-Munnicha, Paul & Koo, Won W., 2006. "Empirically Analyzing the Impacts of U.S. Export Credit Programs on U.S. Agricultural Export Competitiveness," 2006 Annual meeting, July 23-26, Long Beach, CA 21224, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21224
    DOI: 10.22004/ag.econ.21224
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    References listed on IDEAS

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    2. Ms. Chanpen Puckahtikom & Mr. Eduard H. Brau, 1985. "Export Credit Cover Policies and Payments Difficulties," IMF Occasional Papers 1985/006, International Monetary Fund.
    3. Howard D. Leathers, 2001. "Agricultural Export Subsidies as a Tool of Trade Strategy: Before and after the Federal Agricultural Improvement and Reform Act of 1996," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(1), pages 209-221.
    4. International Monetary Fund, 1997. "Recent Export Credit Market Developments," IMF Working Papers 1997/027, International Monetary Fund.
    5. Brainard, William C. & Cooper, Richard N., 1968. "Uncertainty and Diversification in International Trade," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 8(3), pages 1-29.
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