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 c...

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Main Authors:	Lederman, Daniel, Olarreaga, Marcelo, Payton, Lucy
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
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
Online Access:	http://documents.worldbank.org/curated/en/2006/11/7481714/export-promotion-agencies-works-doesnt http://hdl.handle.net/10986/8994

id	okr-10986-8994
recordtype	oai_dc
spelling	okr-10986-89942021-04-23T14:02:42Z Export Promotion Agencies : What Works and What Doesn’t Lederman, Daniel Olarreaga, Marcelo Payton, Lucy 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 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. 2012-06-26T13:37:35Z 2012-06-26T13:37:35Z 2006-11 http://documents.worldbank.org/curated/en/2006/11/7481714/export-promotion-agencies-works-doesnt http://hdl.handle.net/10986/8994 English en_US Policy Research Working Paper; No. 4044 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
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	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
spellingShingle	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 Lederman, Daniel Olarreaga, Marcelo Payton, Lucy Export Promotion Agencies : What Works and What Doesn’t
relation	Policy Research Working Paper; No. 4044
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Lederman, Daniel Olarreaga, Marcelo Payton, Lucy
author_facet	Lederman, Daniel Olarreaga, Marcelo Payton, Lucy
author_sort	Lederman, Daniel
title	Export Promotion Agencies : What Works and What Doesn’t
title_short	Export Promotion Agencies : What Works and What Doesn’t
title_full	Export Promotion Agencies : What Works and What Doesn’t
title_fullStr	Export Promotion Agencies : What Works and What Doesn’t
title_full_unstemmed	Export Promotion Agencies : What Works and What Doesn’t
title_sort	export promotion agencies : what works and what doesn’t
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/11/7481714/export-promotion-agencies-works-doesnt http://hdl.handle.net/10986/8994
_version_	1764406882658680832

Export Promotion Agencies : What Works and What Doesn’t

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