Rola kredytu eksportowego jako czynnika determinującego sprzedaż międzynarodową na przykładzie wybranych krajów UE
The Role of the Export Credit as a Determinant of International Sales on the Example of Selected EU Countries

Summary/Abstract: In the era of globalization, international trade plays a role that is increasing in importance as a factor shaping not only individual economies, but also of the world economy. This makes an examination of its determinants important and relevant. The aim of this study is to analyze the relationship between financing in a form of export insurance and international trade. The study focuses on selected economies in the region of Central Europe. These countries include: Bulgaria, Croatia, the Czech Republic, Poland, Romania and Hungary. Given the lack of data, two Scandinavian countries have been added: Denmark and Sweden. Results obtained with an econometric model show that the higher the value of short-term export insurance to a given economy, the higher is the value of imports of that economy. This means that access to financing plays a significant role in determining of international exchange. This result should direct the attention of economists and economic policymakers towards the quality of the financial system as a factor contributing to the size of international trade.

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