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Exportweltmeister Deutschland - ein Sommermärchen?

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  • Bernhard Herz
  • Marco Wagner

Abstract

The article explores whether Germany's position as the world's leading exporter is something special. We apply a standard gravity model estimating bilateral export flows of 184 countries and find that Germany's exports are positively affected by time-invariant factors, like its geographical location, but that these factors are not exceptional compared to other OECD countries. Time-varying parameters, like membership in international institutions, also have only limited positive effects on German exports as the positive impact of such institutions is mainly driven by other countries' willingness to participate. Taken together, Germany's current status as the world's leading exporter is not surprising given that it is a middle-sized open high income economy that is neighbor to other open high income countries. Copyright 2008 die Autoren Journal compilation 2008, Verein für Socialpolitik und Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

Volume (Year): 9 (2008)
Issue (Month): 4 (November)
Pages: 446-464

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Handle: RePEc:bla:perwir:v:9:y:2008:i:4:p:446-464

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  1. Bernhard Herz & Marco Wagner, 2007. "Do the World Trade Organization and the Generalized System of Preferences foster bilateral trade?," Working Papers 020, Bavarian Graduate Program in Economics (BGPE).
  2. Gert-Jan M. Linders & Henri L.F. de Groot, 2006. "Estimation of the Gravity Equation in the Presence of Zero Flows," Tinbergen Institute Discussion Papers 06-072/3, Tinbergen Institute.
  3. Elhanan Helpman & Marc Melitz & Yona Rubinstein, 2007. "Estimating Trade Flows: Trading Partners and Trading Volumes," NBER Working Papers 12927, National Bureau of Economic Research, Inc.
  4. Egger, Peter, 2000. "A note on the proper econometric specification of the gravity equation," Economics Letters, Elsevier, vol. 66(1), pages 25-31, January.
  5. J. A. Hausman, 1976. "Specification Tests in Econometrics," Working papers 185, Massachusetts Institute of Technology (MIT), Department of Economics.
  6. Howard J. Wall, 1999. "Using the gravity model to estimate the costs of protection," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 33-40.
  7. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  8. I-Hui Cheng & Howard J. Wall, 2005. "Controlling for heterogeneity in gravity models of trade and integration," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 49-63.
  9. Maurice J. G. Bun & Franc J. G. M. Klaassen, 2007. "The Euro Effect on Trade is not as Large as Commonly Thought," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(4), pages 473-496, 08.
  10. Bergstrand, Jeffrey H, 1985. "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 474-81, August.
  11. Sinn, Hans-Werner, 2006. "Das deutsche Rätsel," Munich Reprints in Economics, University of Munich, Department of Economics 950, University of Munich, Department of Economics.
  12. André Sapir & Rolf Langhammer, 1987. "Economic impact of generalized tariff preferences," ULB Institutional Repository 2013/8090, ULB -- Universite Libre de Bruxelles.
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