| 1. |
- Agarwal, Natasha, et al.
(author)
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Guaranteed Success? : The Effects of Export Credit Guarantees on Firm Performance
- 2019
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Conference paper (peer-reviewed)abstract
- Many countries offer government-backed export credit guarantees to domestic firms. We investigate the effects of such guarantees on firm exports, jobs and value added. Using uniquely detailed and exhaustive transaction-level panel data on guarantees and granular information on trade, exporters and foreign buyers, we perform difference-indifferences matching estimations. We find that guarantees improve firm performance. However, the effects are strikingly heterogeneous across firm size and response variables. Using guarantees increases the firm-destination probability of exporting and the value of exports by 18 and 172 percent, respectively, but does not generally increase jobs or value added. Smaller firms benefit the most in terms of exports. Overall, the evidence suggests a causal link from guarantees to firm export performance.
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| 2. |
- Agarwal, Natasha, et al.
(author)
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Institutions for Non-Simultaneous Exchange : Microeconomic Evidence from Export Insurance
- 2018
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Reports (other academic/artistic)abstract
- Information frictions make non-simultaneous exchange risky, particularly across borders. Therefore, many countries insure cross-border exchange. We investigate the effects on firm trade, jobs, value added and productivity, using uniquely detailed, comprehensive and longitudinal transaction-level Swedish data on insurance and granular data on exporters and foreign buyers. For identification, we employ matching and differencein-difference and fuzzy regression discontinuity estimators and exploit a quasi-natural experiment. We find strikingly heterogeneous effects across firm size and response variables. The strongest positive effects are for small traders and new users. Overall, the evidence suggests a causal link from export insurance to firm performance.
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| 3. |
- Agarwal, N., et al.
(author)
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Mitigating information frictions in trade : Evidence from export credit guarantees
- 2023
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In: Journal of International Economics. - : Elsevier. - 0022-1996 .- 1873-0353. ; 145
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Journal article (peer-reviewed)abstract
- Information frictions make foreign trade risky. In particular, the risk of buyer default deters firms from selling abroad. To address this issue, many countries offer export credit guarantees to provide insurance to exporters. In this paper, we investigate the causal effects of guarantees by exploiting a quasi-natural experiment in Sweden and rich register data on guarantees, firms and trade. Estimates from a fuzzy regression discontinuity design show large positive effects on the probability of exporting and the value of exports to the destination for which the guarantees are issued. These results are robust to an alternative approach using a difference-in-differences matching estimator. Further findings suggest that guarantees impact firms heterogeneously and play an important role in resolving buyer default risk and easing liquidity constraints. Larger impacts are observed in non-OECD countries, on smaller, liquidity constrained exporters and for firms selling products that face a relatively high cost of buyer default.
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| 4. |
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| 5. |
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| 6. |
- Kyvik Nordås, Hildegunn, 1954-, et al.
(author)
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Utrikeshandel, löner och rörlighet
- 2019
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In: En dynamisk arbetsmarknad. - Stockholm : Dialogos Förlag. - 9789175043609 ; , s. -55
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Book chapter (other academic/artistic)
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| 7. |
- Lodefalk, Magnus, 1969-, et al.
(author)
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International Trade and Labour Market Integration of Immigrants
- 2022
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In: The World Economy. - : Blackwell Publishing. - 0378-5920 .- 1467-9701. ; 45:6, s. 1650-1689
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Journal article (peer-reviewed)abstract
- We examine if international trade improves labor market integration of immigrants in Sweden. Immigrants participate substantially less than natives in the labor market. However, trading with a foreign country is expected to increase the demand for immigrants from that country. By hiring immigrants, a firm may access foreign knowledge and networks needed to overcome information frictions in trade. Using granular longitudinal matched employer–employee data and an instrumental variable approach, we estimate the causal effects of a firm’s bilateral trade on employment and wages of immigrants from that country. We find a positive, yet heterogeneous, effect of trade on immigrant employment but no effect on immigrant wages.
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| 8. |
- Lodefalk, Magnus, 1969-, et al.
(author)
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Statliga garantier i utrikeshandeln : Mönster, effekter och reflektioner
- 2019
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In: Ekonomisk Debatt. - : Nationalekonomiska Föreningen / Swedish Economic Society. - 0345-2646. ; 47:8, s. 38-51
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Journal article (other academic/artistic)abstract
- Många länder erbjuder exportkreditgarantier där staten mot en premie utfäster sig att betala exportören om den utländska kunden inte gör det. Vi beskriver det svenska systemet under Exportkreditnämnden, med fokus på små- och medel- stora företag, och undersöker effekterna av sådana garantier på företags export, sysselsättning och förädlingsvärde. Vi finner att garantierna påverkar såväl inträde i export som värdet på exporten positivt. Vi noterar att effekterna är mycket heterogena över olika typer av företag och utfallsvariabler, där de min- dre företagens export underlättas avsevärt mer än de stora företagens. För vissa företag och transaktioner ser vi även effekter på jobb och förädlingsvärde. Vi avslutar med att diskutera policyimplikationer.
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| 9. |
- Lodefalk, Magnus, 1969-, et al.
(author)
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Stayin' Alive : Export Credit Guarantees and Export Survival
- 2022
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Reports (other academic/artistic)abstract
- We use survival analysis to analyse the impact of export credit guarantees on firms’ export duration using granular Swedish panel data at the firm-country and firm-country-product levels. The estimation results show that firms’ export survival substantially increases with guarantees, at both levels. The associations are particu- larly strong for smaller firms and contracts as well as in trade with riskier markets. The findings have implications for policies to promote long-run export growth.
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| 10. |
- Lodefalk, Magnus, 1969-, et al.
(author)
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The impact of hiring top workers on productivity : What is the role of absorptive capacity?
- 2018
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In: Applied Economics Letters. - : Routledge. - 1350-4851 .- 1466-4291. ; 25:20, s. 1402-1406
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Journal article (peer-reviewed)abstract
- We examine the heterogeneous productivity impacts of hiring top workers on small and medium-sized enterprises, exploiting matched employer–employee panel data and employing within-firm as well as matching and difference-in-difference estimators. The results provide robust evidence that the productivity impact is stronger for firms with higher absorptive capacity. Technological laggards within an industry benefit more strongly from hiring top workers if their workforce is more well-educated.
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