@book{:/content/books/9789213614242, author = "International Trade Centre",pages = "", title = "Investing in Trade Promotion Generates Revenue", publisher = "United Nations", year = "2017", url = "https://www.un-ilibrary.org/content/books/9789213614242", abstract = "Recent analytical literature has concluded that money spent on export promotion tends to foster export growth. This work discusses the findings of recent work by a team of consultants that find that a 1% increase in export promotion budgets increases exports by 0.074%, confirming results in the earlier literature. Their work also suggests that these export gains translate into very large GDP per capita gains. Indeed, a 1% increase in export budgets generates a 0.065% increase in GDP per capita. Trade Promotion Organizations characteristics that tend to generate large export growth do not necessarily generate large gains in terms of GDP per capita growth.", }