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What Drives Germany's Exports?

Author

Listed:
  • Frenkel Michael

    (WHU - Otto Beisheim School of Management, Germany.)

  • Zimmermann Lilli

    (Deutsche Bundesbank, University of Applied Sciences, Germany.)

Abstract

This article reviews several hypotheses that aim at explaining the development of German merchandise exports. Based on cointegration estimation techniques, we examine different determinants for their ability to explain German exports during the period 1992–2016. The estimation results indicate that, in addition to the traditional determinants (world demand and price competitiveness), other determinants, such as energy prices and the increasing fragmentation of production processes, are also crucial in explaining German exports.

Suggested Citation

  • Frenkel Michael & Zimmermann Lilli, 2020. "What Drives Germany's Exports?," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(2), pages 99-108, June.
    • Handle: RePEc:vrs:ijomae:v:56:y:2020:i:2:p:99-108:n:6
    DOI: 10.2478/ijme-2020-0013
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    References listed on IDEAS

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    More about this item

    Keywords

    international trade; export demand; cointegration;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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