Publication detail

The Performance of Export Credit Agencies in Post-Communist Central European Countries

Author(s): prof. Ing. Karel Janda M.A., Dr., Ph.D., Lucia Psenakova
Mgr. Eva Michalíková , Lucia Psenakova
Type: IES Working Papers
Year: 2013
Number: 10
Published in: IES Working Papers 10/2013
Publishing place: Prague
Keywords: international trade, state promotion, export credit agencies, gravity model, Visegrad Group
JEL codes: F14, G28, C23
Suggested Citation: Janda, K., Michalikova, E., Psenakova, L. (2013). “The Performance of Export Credit Agencies in Post-Communist Central European Countries” IES Working Paper 10/2013. IES FSV. Charles University.
Abstract: This paper is the first one to analyze official government export promotion
in all four post-communist Central European Visegrad countries
(Czech Republic, Hungary, Poland, Slovakia). Similar development
of those economies in transition period after the fall of communism
is described and their extremely fast and successful reorientation towards
Western markets is emphasized. Nowadays each government
in the region implements its own export strategy, where interestingly
each country defines different priority territories for their export. The
core of this paper is analysis of export credit agencies in Visegrad
countries. Firstly we compare advantages and disadvantages of different
forms of export credit agencies. Then we apply empirical data
from international trade in gravity model framework and we conclude
that the most e_ective type of export credit agency in Visegrad Four
region is currently Polish KUKE which is an institution operating in
the form of an insurance company. Other forms such as a bank and
an institution providing both insurance and financing facilities are
currently less effective. We confirm that smaller distance and higher
GDP increase the amount of export in line with basic intuition of a
gravity model of international trade.
Downloadable: WP_2013_10_Janda_Michalikova_Psenakova




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