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Export Credit Subsidies

Abstract : Many governments have resorted to export credit subsidies in recent years in attempts to increase demand and improve the current account. Such arrangements need not necessarily work. The authors investigate the macroeconomic case for export credit subsidies and find that some temporary benefits can be gained if a larger appreciation of the exchange rate is permitted during the initial stages of the program. Evidence of the effect of export credits on French industry is also presented in some detail. Weighing up macroeconomic benefits against macroeconomic costs the authors conclude that the case for export credit subisidies is not persuasive
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Submitted on : Thursday, October 21, 2021 - 9:50:38 PM
Last modification on : Wednesday, October 27, 2021 - 4:02:41 PM

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  • HAL Id : hal-03393236, version 1
  • SCIENCESPO : 2441/7700

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Jacques Mélitz, Patrick Messerlin. Export Credit Subsidies. Journal of Economic Policy Reform, 1987, 2 (4), pp.149 - 175. ⟨hal-03393236⟩

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