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: exports; great trade collapse; granular economy; Germany (search for similar items in EconPapers)
JEL-codes: E32 F14 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-02
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Citations: View citations in EconPapers (5)

Published - published in: Economics - The Open-Access, Open-Assessment E-Journal, 2013, 7 (1), 20130005

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Working Paper: The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009 (2012)
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