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Export promotion with matchmaking and grants
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Orientador(es)
Resumo(s)
This paper evaluates two core export-promotion tools: internationalization grants and matchmaking services provided by the Portuguese export promotion agency (AICEP). We merge administrative records with customs and firm data for 2012–2021. We employ an event-study approach with firm and year fixed effects in a setup of staggered adoption of the programs. Internationalization grants increase treated firms' total exports by approximately 13%, while matchmaking services raise exports to France by approximately 32%. Effects are larger for micro and small firms (grants 18%; matchmaking 40%) and concentrated in traditional manufacturing sectors. Results also show that both export promotion programs are effective when supporting firms with a permanent presence in international markets, versus occasional exporters. Event-study diagnostics show flat pre-trends, and placebo and anticipation checks support identification. Complementarily, finite-duration robustness tests show no rapid fadeout after 3 years, and a simple cost–benefit analysis indicates that both programs have favorable cost–benefit outcomes.
Descrição
Publisher Copyright: © 2026 The Author(s). The World Economy published by John Wiley & Sons Ltd.
Palavras-chave
Export promotion Firm-level data Portugal Staggered difference-in-differences Accounting Finance Economics and Econometrics Political Science and International Relations