California's Exports and the 2004 Overseas Office Closures

Andrew Cassey

doi:10.1111/j.1465-7295.2010.00337.x

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California's Exports and the 2004 Overseas Office Closures

Working paper

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California's Exports and the 2004 Overseas Office Closures

Andrew Cassey

Economic inquiry., Vol.50(3), pp.641-651

2012

DOI: https://doi.org/10.1111/j.1465-7295.2010.00337.x

Handle:

https://hdl.handle.net/2376/5839

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Abstract

International trade

Differences-in-differences

Exports

Because of an endogeneity problem, estimating the impact of state export promotion programs on exports is difficult. The 2003 California budget crisis provides a natural experiment, circumventing this problem. Due to the crisis, California closed all 12 overseas oces on January 1, 2004. Applying the differences-in-differences estimator to a sample of 44 countries over eight years yields mixed results. The estimated 0.02% increase in exports if the offices remained open is not robust. Therefore, any impact of California's overseas offices on exports is roughly the size of the largest random fluctuations.

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Title: California's Exports and the 2004 Overseas Office Closures
Creators: Andrew Cassey (Author)
Publication Details: Economic inquiry., Vol.50(3), pp.641-651
Academic Unit: Economic Sciences, School of
Identifiers: 99900502824901842
Copyright: In copyright ; http://rightsstatements.org/vocab/InC/1.0/ ; http://purl.org/eprint/accessRights/OpenAccess
Language: English
Resource Type: Working paper