What Explains Germany's Rebounding Export Market Share?

Stephan Danninger (sdanninger@imf.org) and Fred Joutz

CESifo Economic Studies, 2008, vol. 54, issue 4, 681-714

Abstract: Germany's export market share increased since 2000, while most industrial countries experienced declines. This study explores four explanations and evaluates their empirical contributions: (i) improved cost competitiveness, (ii) ties to fast growing trading partners, (iii) increased demand for capital goods and (iv) regionalized production of goods (e.g. off-shoring). An export model is estimated covering the period 1993-2005. The dominant factors explaining the increase in market share are trade relationships with fast growing countries and regionalized production in the export sector. Improved cost competitiveness had a comparatively smaller impact. There is no conclusive evidence supporting the increased demand for capital goods hypothesis. (JEL codes: C22, F41). Copyright , Oxford University Press.

Date: 2008
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Working Paper: What Explains Germany’s Rebounding Export Market Share? (2007)
Working Paper: What Explains Germany’s Rebounding Export Market Share? (2007)
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