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Title:The granular nature of the great export collapse in German manufacturing industries, 2008/2009 PDF Logo
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:http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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