AN ANALYSIS OF WELFARE EFFECTS OF EXPORT CREDIT INSURANCE AND GUARANTEES ON THE EXPORTING AND IMPORTING COUNTRIES
Paul Rienstra-Munnicha Haile Selassie South Carolina State University Calum Turvey Cornell University ABSTRACT The purpose of this study is to develop an economic framework to analyze welfare impacts of the Officially Supported Export Credit Programs (OSECPs) using a partial equilibrium approach. The framework emphasizes on different non-payment risks (NPRs) when selling at domestic market versus […]
