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The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009

Joachim Wagner ()

No 6393, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: granular economy; great trade collapse; exports; Germany (search for similar items in EconPapers)
JEL-codes: F14 E32 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-02
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Published in: Economics - The Open-Access, Open-Assessment E-Journal, Vol 7, 2013-5

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