@TechReport{iza:izadps:dp6393,
            	author={Wagner, Joachim},
            	title={The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009},
            	year={2012},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={6393},
            	url={https://www.iza.org/publications/dp6393},
	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},
            }