Do Export Promotion Agencies Promote New Exporters?
Do export promotion agencies impact the probability of non-exporting firms to export? In the last decade many countries have introduced export promotion agencies to support their firms to deal with asymmetric information problems and make feasible...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank Group, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/08/20119993/export-promotion-agencies-promote-new-exporters http://hdl.handle.net/10986/20362 |
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okr-10986-203622021-04-23T14:03:55Z Do Export Promotion Agencies Promote New Exporters? Cruz, Marcio ASSETS ASYMMETRIC INFORMATION ASYMMETRIES OF INFORMATION AVAILABILITY OF DATA BENEFICIARIES BILATERAL TRADE BUSINESS PLANS BUYERS CAPACITY-BUILDING CENTRAL BANK CHECKS COMMON MARKET COMPETITIVENESS CONFIDENTIALITY CONSUMER PRICE INDEX DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DIVERSIFICATION DOMESTIC CURRENCY DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ENVIRONMENT ECONOMIC ENVIRONMENTS ECONOMIC GROWTH EMERGING ECONOMIES ENDOGENOUS VARIABLE EQUIPMENT ESP EXCHANGE RATE EXPENDITURES EXPORT CAPACITY EXPORT MARKET EXPORT PERFORMANCE EXPORT PROMOTION EXPORTER EXPORTERS EXPOSURE FIRMS FIXED EFFECTS FOREIGN MARKET FOREIGN MARKETS FOREIGN TRADE FREE TRADE AGREEMENT HUMAN RESOURCES ID IMPORT INFLATION INFLATION TARGET INSTITUTION INSTRUMENT INSTRUMENTAL VARIABLES INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MARKET INTERNATIONAL STANDARD INTERNATIONAL TRADE INTERNATIONALIZATION LABOR MARKET MANUFACTURING MARKET ACCESS MARKET DIVERSIFICATION MARKET FAILURE MARKET FAILURES MARKETING MULTINATIONAL NEW MARKET OPEN ACCESS POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY RAW DATA RESULT RESULTS ROBUSTNESS CHECK ROBUSTNESS CHECKS SILICON SMALL ENTERPRISES SMALL FIRMS STANDARD DEVIATION TARGETS TRADE POLICY TRANSMISSION TRANSPARENCY UNCERTAINTY UNIQUE IDENTIFIER USES Do export promotion agencies impact the probability of non-exporting firms to export? In the last decade many countries have introduced export promotion agencies to support their firms to deal with asymmetric information problems and make feasible additional gains from trade. Some recent studies have found that the support of these agencies has been effective with respect to the intensive and extensive margins of trade. Nevertheless, because of the lack of information on non-exporting firms, few of them analyze their impact on the probability of promoting new exporters. This paper evaluates the impact of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) on firms' export status using a unique firm-level dataset that covers the full manufacturing sector in Brazil. To identify the impact of Apex's assistance on firms' export propensity, the paper relies on a procedure of matching difference-in-difference estimators. The empirical results show evidence of the program's positive impact on the probability of promoting new exporters. The effect is heterogeneous according to firms' size categories and sectors. Furthermore, the findings suggest that the program has spillover effects. Although the evidence of positive effect is robust, the low propensity to export for both the treated and the control groups reinforces the importance of other firms' determinants (for example, productivity), which is widely emphasized by the trade literature. 2014-10-06T19:55:22Z 2014-10-06T19:55:22Z 2014-08 http://documents.worldbank.org/curated/en/2014/08/20119993/export-promotion-agencies-promote-new-exporters http://hdl.handle.net/10986/20362 English en_US Policy Research Working Paper;No. 7004 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ASSETS ASYMMETRIC INFORMATION ASYMMETRIES OF INFORMATION AVAILABILITY OF DATA BENEFICIARIES BILATERAL TRADE BUSINESS PLANS BUYERS CAPACITY-BUILDING CENTRAL BANK CHECKS COMMON MARKET COMPETITIVENESS CONFIDENTIALITY CONSUMER PRICE INDEX DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DIVERSIFICATION DOMESTIC CURRENCY DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ENVIRONMENT ECONOMIC ENVIRONMENTS ECONOMIC GROWTH EMERGING ECONOMIES ENDOGENOUS VARIABLE EQUIPMENT ESP EXCHANGE RATE EXPENDITURES EXPORT CAPACITY EXPORT MARKET EXPORT PERFORMANCE EXPORT PROMOTION EXPORTER EXPORTERS EXPOSURE FIRMS FIXED EFFECTS FOREIGN MARKET FOREIGN MARKETS FOREIGN TRADE FREE TRADE AGREEMENT HUMAN RESOURCES ID IMPORT INFLATION INFLATION TARGET INSTITUTION INSTRUMENT INSTRUMENTAL VARIABLES INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MARKET INTERNATIONAL STANDARD INTERNATIONAL TRADE INTERNATIONALIZATION LABOR MARKET MANUFACTURING MARKET ACCESS MARKET DIVERSIFICATION MARKET FAILURE MARKET FAILURES MARKETING MULTINATIONAL NEW MARKET OPEN ACCESS POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY RAW DATA RESULT RESULTS ROBUSTNESS CHECK ROBUSTNESS CHECKS SILICON SMALL ENTERPRISES SMALL FIRMS STANDARD DEVIATION TARGETS TRADE POLICY TRANSMISSION TRANSPARENCY UNCERTAINTY UNIQUE IDENTIFIER USES |
| spellingShingle |
ASSETS ASYMMETRIC INFORMATION ASYMMETRIES OF INFORMATION AVAILABILITY OF DATA BENEFICIARIES BILATERAL TRADE BUSINESS PLANS BUYERS CAPACITY-BUILDING CENTRAL BANK CHECKS COMMON MARKET COMPETITIVENESS CONFIDENTIALITY CONSUMER PRICE INDEX DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DIVERSIFICATION DOMESTIC CURRENCY DUMMY VARIABLE DUMMY VARIABLES ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC ENVIRONMENT ECONOMIC ENVIRONMENTS ECONOMIC GROWTH EMERGING ECONOMIES ENDOGENOUS VARIABLE EQUIPMENT ESP EXCHANGE RATE EXPENDITURES EXPORT CAPACITY EXPORT MARKET EXPORT PERFORMANCE EXPORT PROMOTION EXPORTER EXPORTERS EXPOSURE FIRMS FIXED EFFECTS FOREIGN MARKET FOREIGN MARKETS FOREIGN TRADE FREE TRADE AGREEMENT HUMAN RESOURCES ID IMPORT INFLATION INFLATION TARGET INSTITUTION INSTRUMENT INSTRUMENTAL VARIABLES INTEREST RATE INTERNATIONAL BANK INTERNATIONAL MARKET INTERNATIONAL STANDARD INTERNATIONAL TRADE INTERNATIONALIZATION LABOR MARKET MANUFACTURING MARKET ACCESS MARKET DIVERSIFICATION MARKET FAILURE MARKET FAILURES MARKETING MULTINATIONAL NEW MARKET OPEN ACCESS POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY RAW DATA RESULT RESULTS ROBUSTNESS CHECK ROBUSTNESS CHECKS SILICON SMALL ENTERPRISES SMALL FIRMS STANDARD DEVIATION TARGETS TRADE POLICY TRANSMISSION TRANSPARENCY UNCERTAINTY UNIQUE IDENTIFIER USES Cruz, Marcio Do Export Promotion Agencies Promote New Exporters? |
| geographic_facet |
Latin America & Caribbean Brazil |
| relation |
Policy Research Working Paper;No. 7004 |
| description |
Do export promotion agencies impact the
probability of non-exporting firms to export? In the last
decade many countries have introduced export promotion
agencies to support their firms to deal with asymmetric
information problems and make feasible additional gains from
trade. Some recent studies have found that the support of
these agencies has been effective with respect to the
intensive and extensive margins of trade. Nevertheless,
because of the lack of information on non-exporting firms,
few of them analyze their impact on the probability of
promoting new exporters. This paper evaluates the impact of
the Brazilian Trade and Investment Promotion Agency
(Apex-Brasil) on firms' export status using a unique
firm-level dataset that covers the full manufacturing sector
in Brazil. To identify the impact of Apex's assistance
on firms' export propensity, the paper relies on a
procedure of matching difference-in-difference estimators.
The empirical results show evidence of the program's
positive impact on the probability of promoting new
exporters. The effect is heterogeneous according to
firms' size categories and sectors. Furthermore, the
findings suggest that the program has spillover effects.
Although the evidence of positive effect is robust, the low
propensity to export for both the treated and the control
groups reinforces the importance of other firms'
determinants (for example, productivity), which is widely
emphasized by the trade literature. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Cruz, Marcio |
| author_facet |
Cruz, Marcio |
| author_sort |
Cruz, Marcio |
| title |
Do Export Promotion Agencies Promote New Exporters? |
| title_short |
Do Export Promotion Agencies Promote New Exporters? |
| title_full |
Do Export Promotion Agencies Promote New Exporters? |
| title_fullStr |
Do Export Promotion Agencies Promote New Exporters? |
| title_full_unstemmed |
Do Export Promotion Agencies Promote New Exporters? |
| title_sort |
do export promotion agencies promote new exporters? |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/08/20119993/export-promotion-agencies-promote-new-exporters http://hdl.handle.net/10986/20362 |
| _version_ |
1764445118427824128 |