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| Title: | | The granular nature of the great export collapse in German manufacturing industries, 2008/2009  |
| Authors: | | Wagner, Joachim |
| Issue Date: | | 2012 |
| Series/Report no.: | | Economics Discussion Papers 2012-50 |
| 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. |
| Subjects: | | exports great trade collapse granular economy Germany |
| JEL: | | F14 E23 |
| Creative Commons License: | |  |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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