What Explains Germany’s Rebounding Export Market Share?

Fred Joutz and Stephan Danninger

No 2007/024, IMF Working Papers from International Monetary Fund

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. offshoring). 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 of increased demand for capital goods.

Keywords: WP; export; export growth; export demand model; market share; cost competitiveness; export model; export market share; export demand; Exports; Export performance; Labor costs; Imports; Wage bargaining; Global (search for similar items in EconPapers)
Pages: 49
Date: 2007-02-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20242 (application/pdf)

Related works:
Journal Article: What Explains Germany's Rebounding Export Market Share? (2008)
Working Paper: What Explains Germany’s Rebounding Export Market Share? (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2007/024

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().