The Great Export Recovery in German Manufacturing Industries, 2009/2010
Joachim Wagner ()
No 253, 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 recovery in 2010 in manufacturing industries in Germany after the great recession of 2008/2009. Almost all of the increase in exports was due to positive changes of exports in firms that continue to export (i.e. at the so-called intensive margin) while the increase of exports due to export starters (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 recovery. These findings are remarkably symmetric to the results from an analysis of the great export collapse of 2008/09.
Keywords: Exports; great export recovery; granular economy; Germany (search for similar items in EconPapers)
JEL-codes: F14 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-int
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Journal Article: The Great Export Recovery in German Manufacturing Industries, 2009/2010 (2013)
Working Paper: The Great Export Recovery in German Manufacturing Industries, 2009/2010 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:lue:wpaper:253
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