Evaluating the impact of export finance support on firm‐level export performance: Evidence from Pakistan
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| Format: | Artículo Open Access |
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Wiley
2025
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| author | Fabrice Defever Alejandro Riaño Gonzalo Varela |
| author_facet | Fabrice Defever Alejandro Riaño Gonzalo Varela Fabrice Defever Alejandro Riaño Gonzalo Varela |
| collection | Wiley Open Access |
| contents | Evaluating the impact of export finance support on firm‐level export performance: Evidence from Pakistan Fabrice Defever Alejandro Riaño Gonzalo Varela Canadian Journal of Economics/Revue canadienne d'économique Abstract This paper evaluates the impact of two large export finance support schemes on firm‐level export performance. The Export Finance Scheme (EFS) and the Long‐Term Finance Facility for Plant & Machinery (LTFF) provide loans at subsidized interest rates for Pakistani exporters to finance working capital and the purchase of machinery and equipment, respectively. We combine customs data with information on firms' participation in each program between 2015 and 2017 and use matching combined with difference‐in‐differences to estimate the effect of the subsidies on firms' export values, the number of products exported and the number of destinations they serve. We find that both programs deliver a large and positive impact on export growth rates—primarily along the intensive margin—and do so in an effective way relative to the direct financial cost of the subsidies. 10.1111/caje.70013 http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| doi_str_mv | 10.1111/caje.70013 |
| format | Artículo Open Access |
| id | wiley_oa_10_1111_caje_70013 |
| institution | Wiley Open Access |
| license_str_mv | http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| publishDate | 2025 |
| publisher | Wiley |
| record_format | wiley_oa |
| spellingShingle | Evaluating the impact of export finance support on firm‐level export performance: Evidence from Pakistan Fabrice Defever Alejandro Riaño Gonzalo Varela Canadian Journal of Economics/Revue canadienne d'économique Evaluating the impact of export finance support on firm‐level export performance: Evidence from Pakistan Fabrice Defever Alejandro Riaño Gonzalo Varela Canadian Journal of Economics/Revue canadienne d'économique Abstract This paper evaluates the impact of two large export finance support schemes on firm‐level export performance. The Export Finance Scheme (EFS) and the Long‐Term Finance Facility for Plant & Machinery (LTFF) provide loans at subsidized interest rates for Pakistani exporters to finance working capital and the purchase of machinery and equipment, respectively. We combine customs data with information on firms' participation in each program between 2015 and 2017 and use matching combined with difference‐in‐differences to estimate the effect of the subsidies on firms' export values, the number of products exported and the number of destinations they serve. We find that both programs deliver a large and positive impact on export growth rates—primarily along the intensive margin—and do so in an effective way relative to the direct financial cost of the subsidies. 10.1111/caje.70013 http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| title | Evaluating the impact of export finance support on firm‐level export performance: Evidence from Pakistan |
| topic | Canadian Journal of Economics/Revue canadienne d'économique |
| url | https://onlinelibrary.wiley.com/doi/10.1111/caje.70013 |