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Journals / Sosyoekonomi / 2010 / Cilt: 13 - Sayı: 13

Export Insurance Policy When Exporting to Lesser-Known Markets

Türkmen GÖKSEL
Pages
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Publication Date
2010-12-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Moreover, this paper argues that mostly medium-sized firms are getting benefits from this policy.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:There are crucial differences between exporting to a lesser-known market and exporting to a well-known market.
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Key Findings & Data:I find that government-supported export insurance policies can increase the total volume of exports to lesser-known markets.
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Conclusion & Impact:Moreover, this paper argues that mostly medium-sized firms are getting benefits from this policy.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

There are crucial differences between exporting to a lesser-known market and exporting to a well-known market. I define a well-known (lesser-known) market if exporters have complete (incomplete) information about importers' characteristics such as contract viability. This risk premium between a well-known market and a lesser-known market causes lower export volume to lesser-known markets. I find that government-supported export insurance policies can increase the total volume of exports to lesser-known markets. Moreover, this paper argues that mostly medium-sized firms are getting benefits from this policy.

Özet

There are crucial differences between exporting to a lesser-known market and exporting to a well-known market. I define a well-known (lesser-known) market if exporters have complete (incomplete) information about importers' characteristics such as contract viability. This risk premium between a well-known market and a lesser-known market causes lower export volume to lesser-known markets. I find that government-supported export insurance policies can increase the total volume of exports to lesser-known markets. Moreover, this paper argues that mostly medium-sized firms are getting benefits from this policy.

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Cite This Article

GÖKSEL, T. (2010). Export Insurance Policy When Exporting to Lesser-Known Markets. Sosyoekonomi, Cilt: 13 - Sayı: 13. https://ajindex.com/articles/139602

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References (5)

  1. Crozet, M., P. Koenig, and V. Rebeyrol (2008), “Exporting to Insecure Markets: A Firm-level Analysis”, CEPII Research Center Working Papers, 2008-13.
  2. Leung, D., C. Meh, and Y. Terajima (2008), “Are There Canada-U.S. Differences in SME Financing?”, Bank of Canada Working Paper, 2008-45.
  3. Melitz, M. (2003), “The Impact of Trade on Aggregate Industry Productivity and Intra-Industry Reallocations”, Econometrica, 71 (6), 1695–1725.
  4. Melitz, M. and G.I.P. Ottaviano (2008), “Market Size, Trade and Productivity”, Review of Economic Studies, Volume 75, Issue 1, pp. 295–316.
  5. Van Ark, B., and E. Monnikhof (1996), “Size Distribution of Output and Employment: A Data Set for Manufacturing Industries in Five OECD Countries, 1960s-1990”, OECD Economics Department Working Paper, No.166.