Public Export Credit Insurance in the Netherlands: An Input-Output Approach

Statistics Netherlands Discussion Paper 2017|15

26 Pages Posted: 30 Apr 2018

See all articles by Marcel van den Berg

Marcel van den Berg

Statistics Netherlands

Ilke Van Beveren

De Nederlandsche Bank; KU Leuven - Faculty of Business and Economics (FEB)

Oscar Lemmers

Statistics Netherlands

Tommy Span

Statistics Netherlands

Adam Walker

Wageningen UR - Environmental Economics and Natural Resources Group

Multiple version iconThere are 2 versions of this paper

Date Written: September 1, 2017

Abstract

This study assesses the contribution of the Dutch public export credit insurance facility (ECIF) to Dutch GDP and employment. Unlike previous studies, which generally adopt the gravity model of trade, we adopt an input-output approach. The results show that the contribution of economic activity insured by the public ECIF to GDP averages 0.24 percent annually. This concerns value added generated both by exporters and their domestic suppliers in the value chain. The contribution to employment shows an average of 0.27 percent, accumulating to 95,000 jobs (FTE) over 5 years. The estimated contribution of the public ECIF to the Dutch economy should be considered an upper boundary of its true contribution. Therefore, we examine the extent to which the above economic gains would be realized if the facility was unavailable using highly disaggregated trade data. The basic idea is that if certain products are only exported to certain destinations with the aid of the public ECIF, then this suggests 100 percent additionality. The inconclusiveness of our results underlines the difficulties in assessing the degree of additionality.

Keywords: Exports, credit insurance, gdp, input-output analysis

JEL Classification: F23, F14, H42, O52, D57

Suggested Citation

van den Berg, Marcel and Van Beveren, Ilke and Lemmers, Oscar and Span, Tommy and Walker, Adam, Public Export Credit Insurance in the Netherlands: An Input-Output Approach (September 1, 2017). Statistics Netherlands Discussion Paper 2017|15, Available at SSRN: https://ssrn.com/abstract=3160976 or http://dx.doi.org/10.2139/ssrn.3160976

Marcel Van den Berg (Contact Author)

Statistics Netherlands ( email )

CBS-weg 11
Heerlen, Limburg 6412 EX
Netherlands

Ilke Van Beveren

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Oscar Lemmers

Statistics Netherlands ( email )

Henri Faasdreef 312
The Hague, 2492 JP
Netherlands

Tommy Span

Statistics Netherlands ( email )

Henri Faasdreef 312
The Hague, 2492 JP
Netherlands

Adam Walker

Wageningen UR - Environmental Economics and Natural Resources Group ( email )

P.O. Box 8130
Wageningen, 6700 EW
Netherlands

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