The German Manufacturing Sector is a Granular Economy

Joachim Wagner ()

No 219, Working Paper Series in Economics from University of Lüneburg, Institute of Economics

Abstract: Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research and for economic policy are discussed.

Keywords: Power law; idiosyncratic shocks; granular residual; Germany (search for similar items in EconPapers)
JEL-codes: E1 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2011-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.leuphana.de/fileadmin/user_upload/Fors ... df/wp_219_Upload.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (https://www.leuphana.de/fileadmin/user_upload/Forschungseinrichtungen/ifvwl/WorkingPapers/lue/pdf/wp_219_Upload.pdf [303 See Other]--> https://www.leuphana.de/fileadmin/user_upload/forschungseinrichtungen/ifvwl/workingpapers/lue/pdf/wp_219_upload.pdf)

Related works:
Working Paper: The German Manufacturing Sector is a Granular Economy (2011)
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:lue:wpaper:219

Access Statistics for this paper

More papers in Working Paper Series in Economics from University of Lüneburg, Institute of Economics
Bibliographic data for series maintained by Joachim Wagner ( this e-mail address is bad, please contact ).