【題  目】Boosting Exports or Picking Winners? The Role of Export Credit Insurance in China

【時  間】2025年6月17日（星期二），14:00-15:30

【地  點】后主樓1722會議室

【主講人】田巍 副教授（北京大學(xué)經(jīng)濟(jì)學(xué)院）

【主持人】戴覓 教  授（北京師范大學(xué)經(jīng)濟(jì)與工商管理學(xué)院）

摘要：

This study investigates the impact of Export Credit Insurance (ECI) on the export performance of Chinese firms, focusing on the role of government-backed trade finance in alleviating financial constraints. Using unique firm-level data from SINOSURE, China Export & Credit Insurance Corporation, covering the period from 2001 to 2019, we address the endogeneity of ECI uptake by exploiting the first-come, first-served allocation policy used by SINOSURE. This policy creates exogenous variation in firms’ access to export credit insurance, enabling us to apply a quasi- natural experiment design. We utilize propensity score matching (PSM) and staggered difference-in-differences (DID) methods to compare firms that were granted ECI to those that were not. Our results show that firms receiving ECI support experience an average increase in export volume of 20% to 40%. Additionally, we find heterogeneous effects that exporters of larger size and those located in more financially constrained cities exhibit more export gains from ECI. This study contributes to the literature on trade finance by providing robust evidence on the causal impact of ECI, highlighting its role in overcoming market failures, and suggesting policy implications for enhancing export performance in developing economies.

報告人簡介：

田巍，北京大學(xué)經(jīng)濟(jì)學(xué)院長聘副教授，研究領(lǐng)域為國際貿(mào)易，對外直接投資。論文發(fā)表于Economic Journal，Journal of Economic Behavior and Organization，經(jīng)濟(jì)研究、管理世界、世界經(jīng)濟(jì)等期刊，曾主持國家自科，社科等課題。研究成果曾獲教育部高等學(xué)校科學(xué)研究優(yōu)秀成果獎，劉詩白經(jīng)濟(jì)學(xué)獎，“安子介”國際貿(mào)易研究獎等。