Export Promotion Agencies : What Works and What Doesn’t
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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Bibliographic Details
| Main Authors: |
Olarreaga, Marcelo,
Lederman, Daniel,
Payton, Lucy |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2006-11
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| Subjects: | AGGREGATE EXPORTS,
AGRICULTURE,
ANTI-TRADE,
ASYMMETRIC INFORMATION,
BILATERAL DONORS,
BILATERAL TRADE,
BUDGETARY SUPPORT,
CAPACITY BUILDING,
CONSUMER PREFERENCES,
CONSUMERS,
COUNTRY ANALYSIS,
COUNTRY DATA,
CURRENCY,
CUSTOMS,
DEVELOPING COUNTRIES,
DIMINISHING RETURNS,
DIMINISHING RETURNS TO SCALE,
ECONOMIC DEVELOPMENT,
ECONOMIC JUSTIFICATION,
ECONOMIC SIZE,
ECONOMIC WELFARE,
ELASTICITY,
EXCHANGE RATES,
EXPORT,
EXPORT INSURANCE,
EXPORT MARKETS,
EXPORT PERFORMANCE,
EXPORT PROMOTION,
EXPORT PROMOTION AGENCIES,
EXPORT PROMOTION AGENCY,
EXPORT PROMOTION STRATEGIES,
EXPORT REGULATIONS,
EXPORT SUPPORT,
EXPORT VOLUMES,
EXPORTERS,
EXPORTS,
EXTERNALITIES,
FOREIGN MARKET,
FOREIGN MARKETS,
GDP,
GDP PER CAPITA,
GOVERNMENT REGULATIONS,
GRAVITY FRAMEWORK,
GRAVITY MODEL,
IMPORT REGIME,
IMPORT SUBSTITUTION,
IMPORTS,
INCOME,
INTERNATIONAL MARKETS,
INTERNATIONAL TRADE,
INTERNATIONAL TRANSACTIONS,
ITC,
MACROECONOMIC STABILITY,
MARKET ACCESS,
MARKET FAILURES,
MIDDLE EAST,
MISSIONS,
NORTH AFRICA,
POLITICAL ECONOMY,
POSITIVE EFFECTS,
POSITIVE EXTERNALITIES,
RETURNS TO SCALE,
STATISTICAL ANALYSIS,
SUB-SAHARAN AFRICA,
TECHNICAL ASSISTANCE,
TOURISM,
TRADE CENTER,
TRADE DEFICITS,
TRADE FINANCE,
TRADE FLOWS,
TRADE MISSIONS,
TRADE REGIMES,
VALUE OF EXPORTS,
WELFARE LOSS,
WESTERN EUROPE, |
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| Online Access: | http://documents.worldbank.org/curated/en/2006/11/7481714/export-promotion-agencies-works-doesnt
https://hdl.handle.net/10986/8994
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