Export Promotion Agencies : What Works and What Doesn’t

Lederman, Daniel; Olarreaga, Marcelo; Payton, Lucy

Export Promotion Agencies : What Works and What Doesn’t

2006

Lederman, Daniel | Olarreaga, Marcelo | Payton, Lucy

The number of national export promotion agencies (EPAs) has tripled over the past two decades. While more countries have made them part of their national export strategy, studies have criticized their efficiency in developing countries (Hogan, Keesing, and Singer 1991). Partly in reaction to these critiques, EPAs have been retooled (see International Trade Centre, ITC, 1998 or 2000, for example). This paper studies the impact of existing EPAs and their strategies based on a new data set covering 104 industrial and developing countries. Results suggest that on average they have a strong and statistically significant impact on exports. For each $1 of export promotion, the paper estimates a $40 increase in exports for the median EPA. However, there is heterogeneity across regions, levels of development, and types of instruments. Furthermore, there are strong diminishing returns, suggesting that as far as EPAs are concerned, small is beautiful.

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AGROVOC Keywords

agriculture capacity building consumer preferences consumers developing countries economic development elasticity export export insurance export promotion exports import substitution imports income international trade market access middle east north africa statistical analysis sub-saharan africa tourism western europe

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Publisher

World Bank, Washington, DC

Other Subjects

Market failures; Economic size; Exporters; Export markets; Economic justification; International markets; Returns to scale; Aggregate exports; Trade missions; International transactions; Foreign market; Trade deficits; Trade center; Export volumes; Trade finance; Asymmetric information; Import regime; Customs; Trade flows; Diminishing returns; Diminishing returns to scale; Export performance; Value of exports; Gravity model; Externalities; Welfare loss; Trade regimes; Gdp; Foreign markets; Export support; Export promotion agency; Budgetary support; Itc; Export regulations; Positive effects; Political economy; Bilateral donors; Country data; Anti-trade; Gravity framework; Export promotion strategies; Positive externalities; Gdp per capita; Government regulations; Currency; Country analysis; Economic welfare; Exchange rates; Macroeconomic stability; Technical assistance; Bilateral trade; Export promotion agencies; Missions

License

Policy Research Working Paper; No. 4044http://creativecommons.org/licenses/by/3.0/us/World BankCC BY 3.0 Unported

Source

Policy Research Working Paper; No. 4044

In AGRIS since: 2014-09-15

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http://hdl.handle.net/10986/8994

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Export Promotion Agencies : What Works and What Doesn’t

2006

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