The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009
Joachim Wagner ()
No 233, Working Paper Series in Economics from University of Lüneburg, Institute of Economics
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: F14 E32 (search for similar items in EconPapers)
Pages: 32 pages
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Working Paper: The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:lue:wpaper:233
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