5W Principle in Export Incentive

Export incentive is a developing field with the innovations of the digital world. Organizational development, performance, and internationalization of enterprises are possible with this important resource. This important export resource, which varies from culture to culture, is examined in this chapter. Export incentive is handled considering the 5W principle, which is introduced as a new principle and process. The aim of the chapter is to create a new and strategic roadmap for the export incentives for the businesses and to determine the processes.

Utilization and factors of non-utilization of export incentives: a cross sectional empirical study of Indian exporters

Purpose The current study aims to evaluate the utilization of export incentives of the Indian Government. A model conceptualizing the relationships between incentive’s awareness, utilization, perception of utilization on export increase and overall performance was tested. Design/methodology/approach In total, 107 Indian exporters from the ten major exporting sectors of the Indian economy were chosen. The exporters within the sectors were chosen on the basis of the quota sampling technique. The top-most executive of the exporting house was interviewed using both structured questionnaire and in-depth method. Findings Results indicated that awareness impacted availing of incentives which led to the perception of enhanced export sales. Enhanced export sales led to the perception of an enhanced overall performance of the firm. Smaller firms believed more as compared to larger firms in the effect of export incentives on export sales growth. Recommendations have been provided to remove lacunae in various incentive schemes and improve utilizations. Research limitations/implications The inability to extract firm-level financial data of the value of various schemes availed, exports sales increase, overall performance indicators is a limitation of the study. Practical implications The lack of awareness seemed to be the biggest roadblock for the Indian Government to make export incentive schemes successful. The Indian Government needs to customize the offerings of incentive schemes by incorporating the general perceptions of experts/users. Some less-used schemes can be done away with and some new schemes with less paperwork will be more useful. Originality/value There is scant literature in the Indian context on the study of export incentive schemes. There is even less empirical primary evidence available. This study is one of the first to provide a model for the utilization of export schemes and has great practical relevance for exporters and Indian Government alike.

Спољнотрговинска позиција и мјере подстицаја извоза Републике Српске у односу на праксе подршке развијених економија // The external trade position and the export incentive measures of Republic of Srpska in relation to the practice of advanced economies

Резиме: Значај извоза за савремене националне привреде је изузетно велики, јер он обезбјеђује бројне позитивне ефекте на микроекономском и макроекономском нивоу. Због тога државе спроводе различите програме подстицаја извоза, повећавајући своју конкурентност на међународном плану. Ово истраживање има два циља. Први циљ је анализа тренутних пракси подстицаја извоза развијених свјетских економија, нарочито бивших транзиционих земаља, које су успјешно извршиле процес преласка са централно-планског на тржишно привређивање. Други циљ је дефинисање постојеће спољнотрговинске позиције Републике Српске, те изналажење оптималног рјешења за проблем подстицаја њеног извоза. У раду је вршено и поређење пракси финансирања извоза Републике Српске са међународном регулативом тог подручја, из разлога што будуће чланство у Европској унији и Свјетској трговинској организацији захтијева прилагођавање програма подршке прописима поменутих организација. Закључак до кога се дошло јесте да Република Српска по много чему заостаје за развијеним свјетским економијама. Непостојање јасног плана подршке извозу и одговарајућег институционалног оквира представља велики проблем, који би се могао ријешити кроз оснивање агенције за промоцију извоза или извозне банке Републике Српске. Будући да су то активности које захтијевају значајно вријеме и финансијска средства, првенствено би пажњу требало посветити привлачењу страних директних инвестиција као покретачу не само извозних, него и укупних привредних активности земаља у развоју.Summary: The importance of export for modern national economies is extremely high, because it provides a number of positive effects on the microeconomic and macroeconomic level. Therefore, countries implement a variety of export incentive programs, increasing their competitiveness internationally. This study has two objectives. The first objective is to analyze the current practices of export incentives in developed world economies, especially for the former transition countries that have successfully carried out the process of transition from centrally-planned to a market economy. The second objective is to define the current position of Republic of Srpska foreign trade, and finding an optimal solution to the problem of incentives for its exports. The paper also compares export financing practices of Republic of Srpska with international regulations of the region, because the future membership in the European Union and the World Trade Organization requires adjustment programs for the compliance with the regulations of these organizations. The conclusion is that Republic of Srpska is in many ways behind the developed economies of the world. The lack of a clear plan is a major problem that could be addressed through the establishment of Agency for Export Promotion and Republic of Srpska Export Bank. Because these activities require significant time and financial resources, particular attention should be paid to attracting foreign direct investment as a driver of not only export, but the overall economic activities in developing countries.

The Export Incentive Fund: A State-Level Export Program For Economic Development

The export incentive fund is a new and effective method of stimulating foreign exports available to state governments.

Small Business Acceptance of Foreign Sales Corporation Incentives

This is the second year in which companies with export sales may elect to participate in the new tax incentives offered by the Foreign Sales Corporation legislation. Although Congress specifically included incentives aimed at the small and medium exporter in the legislation, smaller exporters are less likely to participate than larger exporters. This study examines the comparative perceptions of smaller and larger exporters regarding the export incentive legislation and offers some alternatives that may make participation by smaller exporters more attractive.