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Economic Significance of Selective Export Promotion on Poverty Reduction and Inter-Industry Growth of EthiopiaChala, Zelalem Teklu 14 September 2010 (has links)
The purpose of this thesis was to assess the economic implications of an export promotion policy on poverty reduction and inter-industry growth of Ethiopia. The study was conducted in four steps. The first and the second steps involved simulation scenarios. Scenario 1 simulated the change in the incidence of poverty when FDI capital was selectively introduced into non-coffee export agriculture. Scenario 2 simulated a situation in which the coffee industry received the same policy treatment as other export agriculture in accessing FDI capital. Step three analyzed inter-industry growth under the two scenarios. In the fourth step, sensitivity analysis was conducted to assess the possible outcomes of Scenario 1 and 2 under fluctuations in world coffee prices and changes in substitution parameters.
A micro-simulated CGE model was constructed to determine optimum production, income and consumption. A Beta frequency distribution function and FGT poverty measures were used to examine the changes in three household groups' income distribution and prevalence of poverty. For these analyses, the National Accounting Matrix and the Household Income and Expenditure Sample Survey data set were used.
At the macro level, growth in GDP due to expansion of export agriculture was significant. But at a micro level, the magnitude and dimension of economic changes were different with respect to each policy alternative. In the selective export promotion, for instance, only rural households were able to achieve statistically significant income changes. More particularly, about 10 percent of rural households were drawn out of poverty while only 1.7 and 0.5 percent of small and large urban households overcame poverty. When export promotion was assumed to be implemented across the board of all agricultural activities, the welfare gains were extended beyond rural household groups. In this policy alternative, statistically significant mean income
changes were observed for both rural and urban household members. Specifically, about 12 percent of rural, 9 percent of small urban and 5 percent of large urban households were able to escape poverty. These achievements were attributed to higher intensification of coffee production and better linkages with other industries to efficiently allocate factors of production where they provided higher rates of return. The increase in income and consumption of millions of coffee dependent households has also stimulated more agricultural and some non-agricultural productions. Simulation results were observed to deteriorate when export promotion was evaluated under world coffee price fluctuation. The negative effect of a price shock, however, was observed to be minimized under alternative an export promotion approach. / Ph. D.
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Analýza nástrojů proexportní politiky ČR / Instrument analysis of export promotion policy of the Czech RepublicStaňková, Petra January 2010 (has links)
The thesis focuses on the export promotion policy of the Czech Republic with special emphasis on an Export hot-line, which represents one of the projects of the current export strategy. The Export hot-line was established 4 years ago to inform Czech exporters about state export promotion. The main objective of the thesis is to analyse and evaluate present functioning of this project. The thesis also presents own suggestions and corrective instruments to improve provided services and overall functioning of the project.
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Internationalization of SMEs : Analysis of Antecedents, Strategies, and International Performance in the Indian ContextSanthosh, C January 2017 (has links) (PDF)
Small and Medium Enterprises (SMEs) occupy a place of strategic importance in most of the developed and emerging economies. This is primarily because they contribute significantly to employment, GDP, exports and wealth creation in many economies .In addition, they stimulate innovative ideas, entrepreneurial skills and are adaptable to the changing conditions of business environment. An important characteristic of SME growth in recent decades has been its penetration and expansion in the international market to accomplish the objective of growth. This is commonly known as internationalization.
The empirical studies on SME internationalization provide several indications about different factors that can be expected to influence the strategy and the degree of internationalization. Accordingly, export behavior of SMEs is determined by the internal factors involving the characteristics of SMEs. Subsequently, SMEs with limited access to financial resources, managerial abilities, and marketing skills find it difficult to enter the foreign market. These barriers would adversely affect their potential for expansion and their survival. Such firms might hardly dare to internationalize. Further, export marketing literature has recognized and highlighted the importance of external determinants that influence the entrepreneurs to initiate the internationalization activity and in formulating the strategies that would enhance their export performance A significant volume of empirical research argues that firms need to focus upon the external situation, on the element of external forces, and on managerial perceptions about these environmental attributes that should be regarded as a significant causal element in determining the internationalization activities. Therefore, SMEs in their early export stages are likely to be determined by both internal and external forces
In this respect, a “holistic” approach is required which would facilitate the understanding of the multitude of issues that influence the internationalization decision .Therefore, internationalization of SMEs has to be seen from a strategic angle determined by both internal and external settings. In this view, it is highly important to analyze the factors that affect the SME internationalization decision from a holistic approach by taking into account the influence of antecedents (drivers, barriers, and firm level factors) on internationalization strategy and performance.
A consolidated assessment of literature on determinants, strategies, and performance indicates that even though considerable information about these issues are available, research gaps exist in these areas. Therefore, it is to fill this gap that we have proposed a theoretical framework which has been conceptualized around the core aspects of SME internationalization process linking antecedents, strategies, and performance. The specific objectives of this study are:
1. To ascertain the factors that differentiate internationalized SMEs from non-internationalized SMEs.
2. To identify and analyze the different antecedents and its influence on the internationalization speed.
3. To examine the influence of various antecedents on the mode of exports adopted by SMEs.
4. To probe the achievements of SME internationalization in terms of scope, degree of internationalization, and economic performance in terms of sales turnover.
5. To derive policy implications for promoting SME internationalization in India.
Furthermore, we decided to confine our study to Karnataka state, since this is one of the better industrially developed states in India. Initially, we approached MSMEDI, VITC and FKCCI in Bangalore to get the lists of SME exporters in the state. Subsequently, we merged all the three databases and prepared the district-wise and industry wise distribution of internationalized (exporting) SMEs in Karnataka.
We cleaned the raw data as it comprised duplications. The final database comprised 1271 exporting SMEs for 2012/13. Later, we prepared a district-wise list of SME exporters. Since the Bangalore urban district accounted for 958 SMEs (75%) of the total 1271 SME exporters in Karnataka, we decided to confine our study to Bangalore district. We prepared an industry-wise list of SME exporters (as per National Industrial Classification (NIC) 2008, and found that machinery manufacturing industry accounted for a maximum share (182 out of 920) of the total SME exporters in Bangalore. Therefore, we decided to confine our study to the machinery industry SMEs in Bangalore district. Bangalore is the capital of Karnataka state and a major industrial city in India. Bangalore has become a most attractive city for the global investment and has been recognized as the IT capital of India.
The study is based on an Ex Post Facto Exploratory research using primary data collected from a sample of 102 exporting and 52 non-exporting SMEs in Bangalore. The data was collected during the period November 2013 to December 2014 using a semi-structured questionnaire followed by visiting the firms and having personal interviews with entrepreneurs/senior managers of the firms and data analysis is done using appropriate statistical packages.
Initially, we decided to examine and differentiate internationalized SMEs from non-internationalized SMEs in same sector, in terms of their characteristics and economic performance. Further, to bring out the factors that distinguish internationalized SMEs from non-internationalized SMEs, we carried out a binary logistic regression analysis for their general profile, technical profile and size profile by combining all the three groups of profiles together. The dependent binary variables distinguished internationalized SMEs from non-internationalized SMEs. The overall results indicate that (i) non- internationalized firms are younger than internationalized SMEs, (ii) CEOs of internationalized SMEs are older than that of the later, (iii) internationalized SMEs accounted for a higher sales turnover than non-internationalized SMEs. The very fact that internationalized SMEs accounted for a higher sales turnover than non-internationalized SMEs indicated that internationalization would have enabled SMEs to achieve a higher sales turnover relative to non-internationalized SMEs.
We analyzed a range of antecedents and its impact on the international strategies and performance of internationalized SMEs. Basically, the antecedents have been classified into drivers, barriers and firm level factors. For the quantitative measurement of different kinds of drivers and barriers, a Likert type ordinal scale which ranged from 1 to 5, was used. In addition, firm level factors were also taken into account as the antecedents to analyze its influence on the SME internationalization process.
Further, an Exploratory Factor Analysis was first undertaken to explain the export drivers into a few underlying dimensions. The results of the Exploratory Factor Analysis showed that the 13 identified export drivers could be reduced to three underlying dimensions. On the other hand, firms might get discouraged to internationalize, due to the obstacles faced either in the form of internal or external sources. According to the results of the Exploratory Factor Analysis, internal barriers which consisted of variables were grouped under four dimensions. The external barriers which consisted of 14 variables were grouped under two dimensions.
After identifying the different determinants to SMEs internationalization, we analyzed how these identified determinants were able to differentiate between early and late in terms of internationalization speed. Thereafter, discriminant analysis was performed to analyze how well the explanatory variables were able to differentiate the two groups or categories i.e. early entrants compared to late entrants.
Among the different firm level factors, CEOs age and exclusive export marketing division had a significant discriminant coefficient. The results revealed that it is the younger CEOs and their commitment towards internationalization facilitate firms to enter the international market at any early age. Further, among the different barriers, competitive constraints significantly differed between early and late internationalization stating that lack of competitiveness was a major factor responsible for the late internationalization of SMEs.
Subsequently, we looked at how various determining factors (antecedents) influence the mode of exports adopted by the SMEs. Firstly, based on the survey data the mode of exports are classified as exports through (i) a multinational company, (ii) international trade exhibitions, (iii) exports through the network of friends and export organization and (iv) E-commerce. Secondly, we looked at the factors which influenced these SMEs in choosing the four alternative modes of entry for internationalization, by means of binary logistic regression technique.
Further, the results revealed that those SMEs with CEOs who are less qualified, not highly committed and smaller in size relied on local MNC customers to enter the international market. Further, if SMEs are not highly competitive, face market barriers and influenced by the unanticipated conditions preferred to use MNC route. Subsequently, SMEs with more qualified CEOs’, face operating constraints and policy barriers preferred to enter international market through international trade exhibitions. Those SMEs with CEOs’ who are younger and face finance and information barriers and policy constraints facilitate firms to depend on various sources of network. Finally, SMEs with more qualified CEOs’, smaller in size and face policy barriers have entered the international market through E-commerce route.
Finally, we analyzed the role of determining factors on the scope, degree of internationalization and on the economic performance of SMEs. Initially, the different determinants that influence the scope and the degree of internationalization are analyzed. Finally, we analyzed the impact of degree of internationalization on the economic performance of SMEs by using three multiple regression models.
Among the firm level factors, only CEOs’ international experience positively influenced the scope of internationalization compared to those firms with CEOs who had lesser international experience. Therefore, it is the entrepreneurs’ competency and skills acquired over a period of time which facilitated firms to expand their scope of internationalization. Subsequently, internationalization speed had positively influenced the scope of internationalization indicating that those SMEs that had entered the international market at an early age were able to diversify its international market. Generally, early exporters were more entrepreneurial in the sense they were capable of identifying, exploring and exploiting opportunities abroad by means of their proactive behavior.
We analyzed the influence of speed, scope of internationalization and along with the firm level factors on the degree of internationalization. The results revealed that it was the capabilities that were acquired in terms of experience and the commitment that facilitated firms to achieve a higher degree of internationalization compared to firms that were not capable and committed to internationalization. Further, internationalization speed had positively influenced the degree of internationalization indicating that those SMEs that had entered international market at an early age were able to achieve a higher degree of internationalization compared to those firms that had entered at a later age. Finally, we analyzed the influence of scope and degree of internationalization along with the antecedents on the economic performance in terms of total sales turnover. In the present study, the degree of internationalization had positively influenced the economic performance of SMEs indicating that those firms that had achieved a higher degree of internationalization were able to achieve higher sales turnover than the firms with a lesser degree of internationalization. Therefore, by means of widening foreign markets and building room for expansion, exporting to foreign markets was considered an important route for firm progress.
The results of this study underline the need for policy trust to improve the international activities of SMEs. Further, from the research perspective, results provide a significant addition to the existing knowledge about the importance of entrepreneurial competency, commitment to internationalization and an appropriate strategy in explaining the internationalization efforts of SMEs in the emerging market of India.
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Analýza úvěrové podpory poskytované ČEB / Analysis of export promotion provided by Czech Export BankPotácelová, Věra January 2009 (has links)
Export promotion via officially supported export credits and insurance is relatively widespread around the world. The thesis describes activity of Czech Export Bank (CEB) and mentions also its legal framework in Czech system of export promotion. Text contains pros and cons of export promotion. The main part of the thesis is panel data analysis using gravity equation. This panel data involves 130 countries in period of 1996 -- 2008 with data on export, export promotion, GDP, political risk and other variables. There is investigated impact of activities of CEB on Czech export using 2 gravity models (static and dynamic). In these models export promotion is significant factor with positive impact on Czech export.
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Strategické trhy pro ČR : Čína, Rusko, Indie, Ukrajina / Strategic markets for Czech Republic: Russia, China, Ukraine and IndiaMereminska, Kateryna January 2009 (has links)
This thesis deals with the evaluation of Russia, Ukraine, India and China in terms of prospects of their markets for Czech exporters. Evaluation of these states is performed using PEST and SWOT analysis, characteristics of foreign trade of individual countries, with a focus on trade and economic relations with the Czech Republic (mainly on the analysis of the contractual base, import requirements and existing trade barriers, commodity trade structure and trends in exports and imports focusing on the development of Czech exports). The paper also outlines export opportunities for Czech exporters, perspective fields for export, formulates general recommendations for Czech exporters and financing of export activities. The aim of this work is the formulation of potential recommendations for Czech exporters for the analysis of the target market.
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Česká ekonomická diplomacie jako podpora exportu do Německa / Czech Economic Diplomacy as Support of Export to GermanyFaltusová, Ludmila January 2013 (has links)
The thesis deals with the Czech economic diplomacy. The aim is to assess the role of the Czech economic diplomacy, especially in terms of support of the foreign trade with Germany. The thesis is divided into five chapters, the first chapter contains the theoretical notion, the second chapter deals with the development of economic diplomacy in the Czech Republic from 1989 until today, the third chapter describes current model of the Czech economic diplomacy. The fourth chapter examine Czech network of export promotion in Germany and the fifth chapter is devoted to case studies of two Czech export companies.
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Srovnání systému podpory exportu v Rakousku a ČR / Comparison of Export Support Systems in Austria and the Czech RepublicZbranková, Lenka January 2011 (has links)
This master's thesis deals with the comparison of export support systems in the Czech Republic and Austria. In the first chapter, the terms "export support" and "export credit agencies" are defined and instruments of export supporting policies as well as their positive and negative aspects are listed and EU regulation and policies in this field are briefly described. A short description of the Czech Republic and Austria follows. Special attention is paid to the following analysis of export strategies and export credit agencies in both economies. This descriptive theoretical part is complemented by a practical case study carried out in cooperation with TOSHULIN, a.s. -- a successful producer and exporter of machinery. Both systems of export support are evaluated from the point of view of the company's sales department. The thesis concludes with an evaluation of the topic, a comparison of the effectiveness of both export support systems, and the author's suggestions for potential innovation and improvement in this area.
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Exports, Terms of Trade, and Growth林佑龍, Yo-long Lin Unknown Date (has links)
論文摘要
本論文由兩篇獨立的文章所構成,第一篇文章從個體角度出發,探討臺灣產業出口與成長之間的關聯性;第二篇文章則以總體的角度,分析世界各主要國家經濟成長的型態(包括出口偏向型的成長與進口偏向型的成長)對該國貿易條件的影響。
長久以來,出口與產出之間的相互影響向來是廣受重視的議題。在國際經濟領域中,多數研究均專注於兩者間理論之建立,關於實證方面的探討並不多見,而個體角度來探討產業出口與成長之間的文獻更是稀少,以臺灣產業出口與成長之間因果關係為對象的研究則付之闕如。臺灣的經濟成就向來被歸功於出口擴張政策的成功,但出口導向的影響範圍究竟擴及多少產業的效果仍不明朗,因此第一篇文章關心的重點,在於探討對我國的產業而言出口擴張是否是個有效的政策?而究竟出口導向和產出導向哪一種政策的效果較好,也是本文所關心的目標。
第二篇文章討論成長型態對貿易條件的影響。由於出口偏向型的成長會使本國願意以更多出口財來換取進口財,將會使本國出口財的國際價格相對下降,進而惡化本國的貿易條件,改善外國的貿易條件;反之,在進口偏向型成長的情況下,出口財的減少則會使本國貿易條件改善,外國貿易條件惡化。是以一國的經濟成長對該國貿易條件的影響,將取決於其生產可能曲線外移的方向。本文嘗試以八個工業化國家和七個開發中國家為對象,在加入成長偏向政策、物價、匯率、所得移轉、對外投資、貿易平衡、貿易開放程度等因素的考慮下,來驗證成長型態對其貿易條件的影響效果是否符合理論的規範。 / The purpose of first paper is to investigate the empirical relationships between exports and domestic production in 22 Taiwan main industries, using time series data for the period 1982:01~2002:07. Different from the previous literatures, this paper examines the relations by taking into account industrial data because we are wondering whether the causal links between exports and outputs still sustain in individual industry, and either export promotion or production-led policies are more effective for industrial production. Hence, three related topics will be discussed: to recognize the incidence of export promotion policy in Taiwan industries, to explore either export promotion or production-led policies is more effective for industrial production, and to detect whether all exportation-oriented industries would simultaneously support export promotion hypothesis. The findings of the econometric analysis employing Granger causality test do not have enough evidence to support that the proportion of exports to production is a necessary condition for generating export promotion. Nevertheless, this study suggests that production makes great influence on exports in Taiwan individual industry but the effects of exports on production is not so prevailing as we thought before. Therefore, the influence of production to exports in Taiwan industry is more prevalent than that of exports to outputs.
The purpose of the second paper is to examine the impacts of growth types on terms of trade by making a comparison between 8 industrial countries and 7 developing countries (involving 3 NICs countries). This paper finds that the theories seems not be supported because evidence shows the occurrence of positive effects of export-biased growth to terms of trade are more prevalent than negative ones. Moreover, the empirical results of negative incidence shown by import-biased growth come into conflict with theories, and the impacts of import-biased growth on terms of trade are indefinite. In addition, most results reveals that export-biased growth and import-biased growth policies in industrial countries are invalid, and most results in NICs and developing countries are ambiguous while export-biased growth or import-biased growth policies are adopted. Furthermore, the empirical results reveal that income transferring have great or opposite influence in NICs and developing countries, and trade openness is advantageous to NICs and developing countries but is disadvantageous to developed ones.
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Financování exportu českých firem za současné ekonomické situace roku 2012 / Exporting financing of Czech companies in the current economic situation of 2012Pěchová, Hana January 2013 (has links)
The master thesis shows how important is the promotion of export for the economy of the Czech Republic in the present time of economic uncertainty and in front of such threats it now stands. I show in individual chapters of this study, that it is necessary to allow for availability of export credits for Czech exporters, because these may also help to achieve the objectives of the new Czech export strategy. Then I present methods of state aid, two Czech export agencies. And by using gravity model and subsequent analysis I show, that it is socially advantageous to support these agencie, since the positive impact of this support can also be expected as an increase in employment, GDP growth and increased income to the state budget through taxes. Furthermore, I introduce the leader to the threat posed to export financing in Europe by the regulatory requirements of the newly introduced Basel III banking regulation - not just capital requirements, but also the newly introduced leverage ratio. Econometric model empirically confirms the hypothesis, that Basel III will have a negative impact on the availability and price of export credits. On the contrary, according to the conclusions of this model I cannot assume that this regulation significantly influences the Czech export credit institutions.
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Vliv světové hospodářské krize na export ČR / Impact of the Global Economic Crisis on Export of the Czech republicHastík, Jan January 2010 (has links)
The submitted master's thesis analyzes the impact of the global economic crisis on the Czech economy and export of the Czech republic. On the basis of statistical data thesis examines the evolution of basic macroeconomic indicators in the period before the crisis and during an economic downturn, which characterizes the current economy situation in the Czech republic. The work depicts the changes in the state support for exports, the government taken measures and shortcomings in our export policy. The main aim of the work -- in addition to analysis and forecasts of economic developments of the Czech republic -- are recommendations for the creation of New export strategy, evaluation the business environment for Czech export companies, including the main measures to increase competitiveness of the Czech economy.
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