Export Credit guarantees in Austria - Effects on Value Added and Employment

Public export credit guarantees support the export activity and foreign direct investments of Austrian firms. Public guarantees cover potential losses from non-payment of trade credits or losses related to foreign direct investments. In accordance with international agreements the coverage of public guarantees is limited to countries and products for which market insurance is not available, i.e., non-marketable risk. This study examines the effect of export credit guarantees on domestic value added and employment.