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Exportweltmeister Deutschland - ein Sommermärchen?

  • Bernhard Herz
  • Marco Wagner

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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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. 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.
  2. Sinn, Hans-Werner, 2006. "Das deutsche Rätsel," Munich Reprints in Economics 950, University of Munich, Department of Economics.
  3. 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.
  4. 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.
  5. Hausman, Jerry A, 1978. "Specification Tests in Econometrics," Econometrica, Econometric Society, vol. 46(6), pages 1251-71, November.
  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 J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January.
  8. Peter Egger, . "A Note on the Proper Econometric Specification of the Gravity Equation," WIFO Working Papers 108, WIFO.
  9. I-Hui Cheng & Howard J. Wall, 2004. "Controlling for heterogeneity in gravity models of trade and integration," Working Papers 1999-010, Federal Reserve Bank of St. Louis.
  10. André Sapir & Rolf Langhammer, 1987. "Economic impact of generalized tariff preferences," ULB Institutional Repository 2013/8090, ULB -- Universite Libre de Bruxelles.
  11. repec:dgr:uvatin:20060072 is not listed on IDEAS
  12. 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).
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