Essays on pensions, health expectancy and credit insurance

J. Zheng

Research output: ThesisDoctoral ThesisScientific

311 Downloads (Pure)

Abstract

The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In Export Credit Insurance and Trade Promotion, we present a theoretical model showing the competitiveness of OA terms in international trade, and the risk-reducing as well as export-enhancing role played by export credit insurance programs. Our theoretical analysis shows that, when exporters are risk averse, these programs are always effective without breaking the legal and financial obligations. Using Chinese export and insurance data, both static and dynamic models show a positive and statistically significant export-promoting effect of export credit insurance in China. The insurance effect across income groups also suggests the success of export credit insurance in diversifying export destinations.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Melenberg, Bertrand, Promotor
Award date10 Dec 2012
Place of PublicationTilburg
Publisher
Print ISBNs9789056683405
Publication statusPublished - 2012

Fingerprint

Health expectancy
Insurance
Pensions
Credit
Exporters
Theoretical analysis
Payment
China
International trade
Obligation
Competitiveness
Exporting
Trade promotion
Income effect
Risk-averse
Destination

Cite this

Zheng, J. (2012). Essays on pensions, health expectancy and credit insurance. Tilburg: CentER, Center for Economic Research.
Zheng, J.. / Essays on pensions, health expectancy and credit insurance. Tilburg : CentER, Center for Economic Research, 2012. 147 p.
@phdthesis{922b794a7d11446398438511f7438a11,
title = "Essays on pensions, health expectancy and credit insurance",
abstract = "The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In Export Credit Insurance and Trade Promotion, we present a theoretical model showing the competitiveness of OA terms in international trade, and the risk-reducing as well as export-enhancing role played by export credit insurance programs. Our theoretical analysis shows that, when exporters are risk averse, these programs are always effective without breaking the legal and financial obligations. Using Chinese export and insurance data, both static and dynamic models show a positive and statistically significant export-promoting effect of export credit insurance in China. The insurance effect across income groups also suggests the success of export credit insurance in diversifying export destinations.",
author = "J. Zheng",
year = "2012",
language = "English",
isbn = "9789056683405",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

Zheng, J 2012, 'Essays on pensions, health expectancy and credit insurance', Doctor of Philosophy, Tilburg University, Tilburg.

Essays on pensions, health expectancy and credit insurance. / Zheng, J.

Tilburg : CentER, Center for Economic Research, 2012. 147 p.

Research output: ThesisDoctoral ThesisScientific

TY - THES

T1 - Essays on pensions, health expectancy and credit insurance

AU - Zheng, J.

PY - 2012

Y1 - 2012

N2 - The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In Export Credit Insurance and Trade Promotion, we present a theoretical model showing the competitiveness of OA terms in international trade, and the risk-reducing as well as export-enhancing role played by export credit insurance programs. Our theoretical analysis shows that, when exporters are risk averse, these programs are always effective without breaking the legal and financial obligations. Using Chinese export and insurance data, both static and dynamic models show a positive and statistically significant export-promoting effect of export credit insurance in China. The insurance effect across income groups also suggests the success of export credit insurance in diversifying export destinations.

AB - The choice of payment terms has increasingly become more important in determining the success of exporting transactions. While exporters often use Open Account (OA) terms to secure international contracts and to expand export levels, these terms in turn make them face more non-payment risks. In Export Credit Insurance and Trade Promotion, we present a theoretical model showing the competitiveness of OA terms in international trade, and the risk-reducing as well as export-enhancing role played by export credit insurance programs. Our theoretical analysis shows that, when exporters are risk averse, these programs are always effective without breaking the legal and financial obligations. Using Chinese export and insurance data, both static and dynamic models show a positive and statistically significant export-promoting effect of export credit insurance in China. The insurance effect across income groups also suggests the success of export credit insurance in diversifying export destinations.

M3 - Doctoral Thesis

SN - 9789056683405

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Zheng J. Essays on pensions, health expectancy and credit insurance. Tilburg: CentER, Center for Economic Research, 2012. 147 p. (CentER Dissertation Series).