A Note on the Granular Nature of Imports in German Manufacturing Industries

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A Note on the Granular Nature of Imports in German Manufacturing Industries. / Wagner, Joachim.
In: Jahrbuch für Wirtschaftswissenschaften, Vol. 65, No. 3, 2014, p. 241-252.

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@article{0b45458e19424d67b9a96f1490d7955d,
title = "A Note on the Granular Nature of Imports in German Manufacturing Industries",
abstract = "This paper uses an approach recently suggested by Gabaix (Eonometrica 2011) toinvestigate for the first time the role of idiosyncratic shocks to the largest firms in the dynamics of imports by firms from manufacturing industries. For Germany we find evidence that imports are power-law distributed and that the distribution of imports in the industries can be characterised as fat-tailed. Results show that idiosyncratic shocks to very large firms are important for the import dynamics in 2010/2011 but not in 2009/2010.",
keywords = "Economics, Imports, Power law, granular residual, Germany",
author = "Joachim Wagner",
year = "2014",
doi = "10.1515/roe-2014-0303",
language = "English",
volume = "65",
pages = "241--252",
journal = "Jahrbuch f{\"u}r Wirtschaftswissenschaften",
issn = "0948-5139",
publisher = "De Gruyter Oldenbourg ",
number = "3",

}

RIS

TY - JOUR

T1 - A Note on the Granular Nature of Imports in German Manufacturing Industries

AU - Wagner, Joachim

PY - 2014

Y1 - 2014

N2 - This paper uses an approach recently suggested by Gabaix (Eonometrica 2011) toinvestigate for the first time the role of idiosyncratic shocks to the largest firms in the dynamics of imports by firms from manufacturing industries. For Germany we find evidence that imports are power-law distributed and that the distribution of imports in the industries can be characterised as fat-tailed. Results show that idiosyncratic shocks to very large firms are important for the import dynamics in 2010/2011 but not in 2009/2010.

AB - This paper uses an approach recently suggested by Gabaix (Eonometrica 2011) toinvestigate for the first time the role of idiosyncratic shocks to the largest firms in the dynamics of imports by firms from manufacturing industries. For Germany we find evidence that imports are power-law distributed and that the distribution of imports in the industries can be characterised as fat-tailed. Results show that idiosyncratic shocks to very large firms are important for the import dynamics in 2010/2011 but not in 2009/2010.

KW - Economics

KW - Imports

KW - Power law

KW - granular residual

KW - Germany

U2 - 10.1515/roe-2014-0303

DO - 10.1515/roe-2014-0303

M3 - Journal articles

VL - 65

SP - 241

EP - 252

JO - Jahrbuch für Wirtschaftswissenschaften

JF - Jahrbuch für Wirtschaftswissenschaften

SN - 0948-5139

IS - 3

ER -

DOI