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The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009

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  • Joachim Wagner

    ()
    (Leuphana University Lüneburg, Germany)

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.

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Bibliographic Info

Paper provided by University of Lüneburg, Institute of Economics in its series Working Paper Series in Economics with number 233.

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Length: 32 pages
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:lue:wpaper:233

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Web page: http://leuphana.de/institute/ivwl.html

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Keywords: Exports; great trade collapse; granular economy; Germany;

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