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Credibility And The Cost Of Export Subsidies

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Author by : Mr.Alexander W. Hoffmaister
Languange Used : en
Release Date : 1991-12-01
Publisher by : International Monetary Fund

ISBN : 9781451855081

Recurring balance of payments crises in countries that pursued import substitution have led some of them to establish a variety of export incentives, in particular subsidies, as a way to revive and re-orient their economies. However, exporters are likely to be uncertain of the government’s commitment to export promotion because of the years of neglect. This paper analyzes the issue of the credibility of export subsidies and suggests that a government is able to convince exporters of its commitment only at a cost, which reduces the attractiveness of promoting exports by means of subsidies....

Credibility And Cost Of Export Subsidies

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Author by : Alexander W. Hoffmaister A.
Languange Used : en
Release Date : 1991
Publisher by :

ISBN : OCLC:753356526

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Credibility And The Cost Of Export Subsidies

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Author by : Alexander Hoffmaister
Languange Used : en
Release Date : 1991
Publisher by :

ISBN : OCLC:1192898101

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The Cost Of Export Subsidies

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Author by : Alexander W. Hoffmaister
Languange Used : en
Release Date : 1991-10
Publisher by : International Monetary Fund

ISBN : UCSD:31822007627722

This paper develops a model to estimate the effects of export subsidies on the supply of exports. Using data for Costa Rica over the 1980’s, it is shown that while the export subsidy scheme in operation led to an increase in exports, the direct fiscal costs of the scheme were quite large. Furthermore, the subsidy scheme led to a significant increase of imports. These results suggest that elimination of export subsidies would not have a particularly harmful effect on the trade balance, and would increase the fiscal position and generate economic efficiency besides....

Export Subsidies And International Market Share Rivalry

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Author by : James A. Brander
Languange Used : en
Release Date : 1984
Publisher by :

ISBN : IND:30000113583235

Countries often perceive themselves as being in competition with each other for profitable international markets. In such a world export subsidies can appear as attractive policy tools, from a national point of view, because they improve the relative position of a domestic firm in noncooperative rivalries with foreign firms, enabling it to expand its market share and earn greater profits. In effect, subsidies change the initial conditions of the game that firms play. The terms of trade move against the subsidizing country, but its welfare can increase because, under imperfect competition, price exceeds the marginal cost of exports. International noncooperative equilibriumis characterized by such subsidies on the part of exporting nations, even though they are jointly suboptimal....

Endogenous Export Subsidies And Welfare Under Domestic Cost Heterogeneity

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Author by : Subhayu Bandyopadhyay
Languange Used : en
Release Date : 1999
Publisher by :

ISBN : OCLC:247165594

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Strategic Trade Policy

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Author by : Gene M. Grossman
Languange Used : en
Release Date : 1985
Publisher by :

ISBN : STANFORD:36105039962043

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A Basic Guide To Exporting

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Author by : Jason Katzman
Languange Used : en
Release Date : 2011-03-23
Publisher by : Skyhorse Publishing Inc.

ISBN : 9781616081119

Here is practical advice for anyone who wants to build their business by selling overseas. The International Trade Administration covers key topics such as marketing, legal issues, customs, and more. With real-life examples and a full index, A Basic Guide to Exporting provides expert advice and practical solutions to meet all of your exporting needs....

Subsidy Reform In The Middle East And North Africa

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Author by : Mr.Carlo A Sdralevich
Languange Used : en
Release Date : 2014-07-09
Publisher by : International Monetary Fund

ISBN : 9781498350433

In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms....

Imf Staff Papers Volume 39 No 1

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Author by : International Monetary Fund. Research Dept.
Languange Used : en
Release Date : 1992-01-01
Publisher by : International Monetary Fund

ISBN : 9781451956948

This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and “news,” and international parity conditions is also reviewed....