%0 Report
        %A Wagner, Joachim
        %T The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009
        %D 2012
        %8 2012 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 6393
        %U https://www.iza.org/publications/dp6393
        %X 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.
        %K exports
%K great trade collapse
%K granular economy
%K Germany