Officially Supported Export Credits. A government failure?
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Economic theory shows that export subsidies under most circumstances are not welfare improving, but they are still offered extensively. This master's thesis focuses on the officially supported export credits offered by the Norwegian government, and tries to reveal and explain the deviations between predictions in economic theory and actual policy choices. Empirical evidence shows that today ships are the goods exported most with officially supported export credits in Norway. Due to this, analyses show that the Norwegian government's offer of these subsidies is not a government failure. This is the case even though the subsidized export credit system logically favours the already rich and successful sectors in Norway. The computer program Scientific Workplace is used in section 3.3.1.