TY  - RPRT
        AU  - Wagner, Joachim
        TI  - The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009
        PY  - 2012/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6393
        UR  - https://www.iza.org/publications/dp6393
        AB  - 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.
        KW  - exports
KW  - great trade collapse
KW  - granular economy
KW  - Germany
        ER  -