The aim of this paper is to study theoretical aspects of export credit insurance\nin the framework of microeconomics and analyze the economic impacts of an\nexport credit program on trade flows within a framework of a microeconomic\nanalysis. A multi-country trade model has been developed based on optimization\nmethods and algorithm. For our theoretical analysis, we consider a\nmulti-country trade model when one of countries imports an export good\nfrom other countries
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