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News from the Bazaar Economy

Author

Listed:
  • Rahel Aichele
  • Gabriel Felbermayr
  • Inga Heiland

Abstract

Data on the world’s production structure, which are taken from input-output tables, show that the foreign share of value creation that lies in German exports rose from 13.5% to 20% between 1995 and 2008. This means that the long-term trend towards Germany becoming a bazaar economy remains unbroken. Although the trend did weaken during the economic crisis of 2009, at which time foreign value creation fell to 18%, this was presumably only a temporary effect. Imports from China and Central and Eastern European countries are becoming increasingly important for German exports in manufacturing.

Suggested Citation

  • Rahel Aichele & Gabriel Felbermayr & Inga Heiland, 2013. "News from the Bazaar Economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(06), pages 17-28, March.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:06:p:17-28
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    References listed on IDEAS

    as
    1. Robert Koopman & Zhi Wang & Shang-Jin Wei, 2014. "Tracing Value-Added and Double Counting in Gross Exports," American Economic Review, American Economic Association, vol. 104(2), pages 459-494, February.
    2. Hans-Werner Sinn, 2005. "Bazaar Economy GermanyWorld Champion Exporter or Laggard?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(06), pages 03-42, March.
    3. Rahel Aichele & Gabriel Felbermayr & Inga Heiland, 2013. "The Value-Added Content of International Trade: New Data, New Perspectives," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(05), pages 29-41, March.
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    Cited by:

    1. Gabriel Felbermayr & Wilhelm Kohler, 2015. "TTIP and Developing Countries: Threats, Potential and Policy Options," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(02), January.
    2. Gabriel Felbermayr & Rahel Aichele & Gabriel J. Felbermayr, 2014. "Transatlantic Free Trade: The View Point of Germany," CESifo Working Paper Series 5151, CESifo.
    3. Gabriel Felbermayr, 2018. "Tariffs in Transatlantic Trade: On What, How Much and How Fair?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(06), pages 24-29, March.
    4. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2014. "Mehr Vertrauen in Marktprozesse. Jahresgutachten 2014/15 [More confidence in market processes. Annual Report 2014/15]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201415.

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    More about this item

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • F10 - International Economics - - Trade - - - General
    • F01 - International Economics - - General - - - Global Outlook

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