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

29 Pages Posted: 10 Mar 2012

See all articles by Joachim Wagner

Joachim Wagner

University of Lueneburg - Institute of Economics; Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics; IZA Institute of Labor Economics

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.

Keywords: exports, great trade collapse, granular economy, Germany

JEL Classification: F14, E32

Suggested Citation

Wagner, Joachim, The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009. IZA Discussion Paper No. 6393, Available at SSRN: https://ssrn.com/abstract=2019445

Joachim Wagner (Contact Author)

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