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The Great Export Recovery in German Manufacturing Industries, 2009/2010

Joachim Wagner ()

No 288, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export recovery in 2010 in manufacturing industries in Germany after the great recession of 2008/2009. Almost all of the increase in exports was due to positive changes of exports in firms that continue to export (i.e. at the so-called intensive margin) while the increase of exports due to export starters (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 recovery. These findings are remarkably symmetric to the results from an analysis of the great export collapse of 2008/09.

Keywords: Exports; great export recovery; granular economy; Germany (search for similar items in EconPapers)
JEL-codes: E32 F14 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012-11-06
New Economics Papers: this item is included in nep-mac
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Related works:
Journal Article: The Great Export Recovery in German Manufacturing Industries, 2009/2010 (2013) Downloads
Working Paper: The Great Export Recovery in German Manufacturing Industries, 2009/2010 (2012) Downloads
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