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

Joachim Wagner ()

No 2012-50, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: 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.

Keywords: exports; great trade collapse; granular economy; Germany (search for similar items in EconPapers)
JEL-codes: E23 F14 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-int
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https://www.econstor.eu/bitstream/10419/64820/1/727375067.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201250

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