The granular nature of the great export collapse in German manufacturing industries, 2008/2009
Joachim Wagner ()
No 2012-50, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)
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 E23 (search for similar items in EconPapers)
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Journal Article: The granular nature of the great export collapse in German manufacturing industries, 2008/2009 (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201250
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