TY - JOUR

T1 - The granular nature of the great export collapse in German manufacturing industries, 2008/2009

AU - Wagner, Joachim

PY - 2013/2/13

Y1 - 2013/2/13

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

KW - Exports

KW - Germany

KW - Granular economy

KW - Great trade collapse

UR - http://www.scopus.com/inward/record.url?scp=84874386077&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/029c00de-bc4e-3255-9ad2-6446a97eded2/

U2 - 10.5018/economics-ejournal.ja.2013-5

DO - 10.5018/economics-ejournal.ja.2013-5

M3 - Journal articles

VL - 7

JO - Economics

JF - Economics

SN - 1864-6042

IS - 5

ER -