Research Handbook on Economic Diplomacy
Show Less

Research Handbook on Economic Diplomacy

Bilateral Relations in a Context of Geopolitical Change

Edited by Peter A.G. van Bergeijk and Selwyn J.V. Moons

This Handbook positions economic diplomacy as a multidisciplinary field and presents state of the art research relevant to policy makers and academia around the globe focusing on four themes: the role of economic diplomats, the impact and evaluation of economic diplomacy, politics and trade and emerging markets. It offers academic, business and policy perspectives taking stock of knowledge produced with qualitative and quantitative research on Northern America, Europe, Africa, Asia and Latin America.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 14: Social cost benefit analysis of trade missions

Michiel de Nooij, Marcel van den Berg and Henri L.F. de Groot


For small open economies economic diplomacy is an important determinant of trade intensity, foreign direct investments and economic development, but comes at non-negligible costs. It is therefore important to evaluate the social welfare effects of economic diplomacy. The authors present a social cost benefit analysis of Dutch economic missions (head of state and ministerial levels) estimating its annual net present value at over €100 million. Central in their analysis is the welfare notion that extra exports only increase welfare to the extent that exporting companies are, on average, more productive than non-exporters. The economic benefits of economic missions are more difficult to quantify than the costs. Suggested avenues for further research include the quantification of the impact of missions on exports and foreign direct investment, and the productivity premium of exporters and the learning effect, especially for new exporters that require government support.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.