The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2012. (Working Paper Series in Economics; No. 233).
Research output: Working paper › Working papers
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RIS
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 -