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The Effect of Export Insurance and Guarantees on Export Performance(KIEP Working Paper 19-04)
註釋"This paper examines the question of whether trade insurance contributes to an increase in export and also investigates the channel through which the effect of trade insurance on export is working. We use Korean export data in which destination countries and sectors are specified. Our panel regression result shows that the short-term export insurance and export credit guarantees are associated with an increase in export by mitigating the financial constraint of the exporting firms. This result is robust to alternative measures of trade insurance and consistent with the sector-by-sector regression result."--Back cover