수출촉진 기능과 도덕적 해이 가능성을 고려한 한국 수출보험의 재평가

Abstract

This study evaluates the Korean export insurance by examining whether the export insurance contributes to the Korean export promotion and it faces some possible moral hazard. For the goal, we consider the cases for Korean export to the US, China, and Japan and apply vector autoregressive regression (VAR) analysis to time series data. Our finding is that the export insurance coverage contributes to the Korean export to China more than for the US and Japan and also the insurance covering the export to China is exposed to moral hazard more significantly than for the Korean export to the other two countries. This evidence implies that the export insurance regarding China should be approached in some distinguished manner from the export to the US and Japan to achieve better export insurance performance.