TY - UNPB

T1 - The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009

AU - Wagner, Joachim

PY - 2012/1

Y1 - 2012/1

N2 - This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to negative changes of exports in firms that continue to export (i.e. at the so-called intensive margin) while the decrease of exports due to export stoppers (at the so-called extensive margin) was tiny. It is shown that Idiosyncratic shocks to very large firms played a decisive role in shaping the export collapse.

AB - This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to negative changes of exports in firms that continue to export (i.e. at the so-called intensive margin) while the decrease of exports due to export stoppers (at the so-called extensive margin) was tiny. It is shown that Idiosyncratic shocks to very large firms played a decisive role in shaping the export collapse.

KW - Economics, empirical/statistics

KW - Exports

KW - great trade collapse

KW - granular economy

KW - Germany

KW - exports

KW - great trade collapse

KW - granular economy

KW - Germany

M3 - Working papers

T3 - Working Paper Series in Economics

BT - The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -