Export Promotion Agencies Revisited

The number of national export promotion agencies has tripled over the past two decades. Although more countries made them part of their export strategy, studies criticized their efficacy in developing countries. The agencies were retooled, partly i...

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Bibliographic Details
Main Authors:	Lederman, Daniel, Olarreaga, Marcelo, Payton, Lucy
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AGGREGATE EXPORTS ANTI-TRADE ASYMMETRIC INFORMATION BARRIER BARRIERS TO TRADE BILATERAL TRADE BILATERAL TRADE AGREEMENTS BUDGETARY SUPPORT BUSINESS CLIMATE BUSINESS OPPORTUNITIES CAPACITY BUILDING COMMODITIES CONSUMER PREFERENCES CONSUMERS COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY IMAGE COUNTRY IMAGE BUILDING CUSTOMS DECENTRALIZATION DECISION MAKING DEFICITS DERIVATIVE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DIMINISHING RETURNS DIMINISHING RETURNS TO SCALE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC JUSTIFICATION ECONOMIC SIZE ECONOMIC WELFARE ELASTICITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT INSURANCE EXPORT MARKETS EXPORT PERFORMANCE EXPORT PROMOTION EXPORT PROMOTION AGENCIES EXPORT PROMOTION AGENCY EXPORT REGULATIONS EXPORT SUBSIDIES EXPORT SUPPORT EXPORT VOLUMES EXPORTER EXPORTERS EXPORTS EXTERNAL TRADE EXTERNALITIES FINANCIAL DEVELOPMENT FINANCIAL INSTRUMENTS FOREIGN DIRECT INVESTMENT FOREIGN MARKET FOREIGN MARKETS FOREIGN TRADE GDP GDP PER CAPITA GENERAL EQUILIBRIUM GLOBALIZATION GOVERNMENT FUNDING GOVERNMENT INVOLVEMENT GRAVITY FRAMEWORK GRAVITY MODEL HOMOGENEOUS GOOD HOMOGENEOUS GOODS IMPORT REGIME IMPORTS INCOME INEQUALITY INSTRUMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL BUSINESS INTERNATIONAL COOPERATION INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTING ITC LOCAL CURRENCY MACROECONOMIC STABILIZATION MARKET ACCESS MARKET FAILURES MARKET INFORMATION MEASURE OF TRADE NEW MARKETS POLITICAL ECONOMY POSITIVE EXTERNALITIES PRIVATE ENTITIES PRIVATIZATION PROFIT OPPORTUNITIES REGIONAL DUMMIES REGIONAL DUMMY RETURNS TO SCALE SMALL ECONOMIES SOCIAL COSTS STATISTICAL ANALYSIS TECHNICAL ASSISTANCE TECHNICAL REGULATIONS TELEPHONE LINES TRADE & INVESTMENT TRADE BARRIERS TRADE CENTER TRADE DEFICITS TRADE DEVELOPMENT TRADE FINANCE TRADE FLOWS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE PROMOTION TRADE REGIMES TRADING VALUE OF EXPORTS VOLATILITY WELFARE LOSS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKETS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091111131649 http://hdl.handle.net/10986/4315

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Summary:	The number of national export promotion agencies has tripled over the past two decades. Although more countries made them part of their export strategy, studies criticized their efficacy in developing countries. The agencies were retooled, partly in response to these critiques. This paper studies the impact of today's export promotion agencies and their strategies, based on new survey data covering 103 developing and developed countries. The results suggest that on average they have a statistically significant effect on exports. The identification strategies highlight the importance of EPA services for overcoming foreign trade barriers and solving asymmetric information problems associated with exports of heterogeneous goods. There are also strong diminishing returns, suggesting that as far as export promotion agencies are concerned, small is beautiful.

Export Promotion Agencies Revisited

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