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Journal Articles Journal of Economic Policy Reform Year : 1987

Export Credit Subsidies

Patrick Messerlin
  • Function : Author
  • PersonId : 954757


Many governments have resorted to export credit subsidies in recent years in attempts to increase demand and improve the current account. Such arrangements need not necessarily work. The authors investigate the macroeconomic case for export credit subsidies and find that some temporary benefits can be gained if a larger appreciation of the exchange rate is permitted during the initial stages of the program. Evidence of the effect of export credits on French industry is also presented in some detail. Weighing up macroeconomic benefits against macroeconomic costs the authors conclude that the case for export credit subisidies is not persuasive
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Dates and versions

hal-03393236 , version 1 (21-10-2021)


  • HAL Id : hal-03393236 , version 1
  • SCIENCESPO : 2441/7700


Jacques Mélitz, Patrick Messerlin. Export Credit Subsidies. Journal of Economic Policy Reform, 1987, 2 (4), pp.149 - 175. ⟨hal-03393236⟩


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