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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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Bibliographic Details
Main Authors: Lederman, Daniel, Olarreaga, Marcelo, Payton, Lucy
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
Description
Summary: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.

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