미국의 공적수출신용지원과 수출촉진에 관한 경험적 연구

• 영문명: Effect of Officially Supported Export Credits on Export Promotion in the United States of America (U.S.A.)
• 발행기관: 한국무역연구원
• 저자명: 이서영(Seo-Young Lee) 임병진(Byung-Jin Yim)
• 간행물 정보: 『무역연구』제12권 제6호, 389~405쪽, 전체 17쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2016.12.31

영문 초록

This study examines whether or not officially supported export credits have contributed to export promotion in the United States of America. In particular, this study analyzes the effects of loans and guarantees of officially supported export credits. For this analysis, an Export Supply Function Model was introduced and yearly data from 1995 to 2015 was used. This study starts by testing stationarity applied to variables. The unit root tests show that it is not unrealistic to assume that all concerned variables are integrated of order one. Where the concerned variables are integrated of the same order, it is necessary to examine whether there exists a long run equilibrium relationship between the concerned variables, using cointegration tests. Accordingly, the result of cointegration test showed that the loans and concerned variables were cointegrated. The empirical evidence using the Vector Error Correction Model (VECM) showed that the loans did have a significant effect on United States of America exports. It was shown that the guarantees and the concerned variables were not cointegrated. Thus, the guarantees were estimated using the OLS (Ordinary Least Square Method) based on the first differenced data. The empirical evidence shows that the guarantees did have a significant effect on United States of America exports.

키워드

Export Assistance System Export Promotion Officially Supported Export Credits