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

Joachim Wagner ()

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2013, vol. 7, No 2013-5, 21 pages

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: E32 F14 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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Working Paper: The granular nature of the great export collapse in German manufacturing industries, 2008/2009 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:20135

DOI: 10.5018/economics-ejournal.ja.2013-5

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