01624cas a2200241 a 4500 AALejournalIMF003102 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855081 1018-5941 BD-DhAAL BD-DhAAL Hoffmaister, Willy. Credibility and the Cost of Export Subsidies / Willy Hoffmaister. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Recurring balance of payments crises in countries that pursued import substitution have led some of them to establish a variety of export incentives, in particular subsidies, as a way to revive and re-orient their economies. However, exporters are likely to be uncertain of the government's commitment to export promotion because of the years of neglect. This paper analyzes the issue of the credibility of export subsidies and suggests that a government is able to convince exporters of its commitment only at a cost, which reduces the attractiveness of promoting exports by means of subsidies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/129 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/129/001.1991.issue-129-en.xml IMF e-Library