What Explains Germany's Rebounding Export Market Share?
By S. Danninger, Frederick L. Joutz. Social Science Research Network, 2007
137 citations recorded by the source corpus.
Germany's export market share increased since 2000, while most industrial countries experienced declines. This study explores four explanations and evaluates their empirical contributions: (i) improved cost competitiveness, (ii) ties to fast growing trading partners, (iii) increased demand for capital goods, and (iv) regionalized production of goods (e.g. offshoring). An export model is estimated covering the period 1993-2005. The dominant factors explaining the increase in market share are trade relationships with fast growing countries and regionalized production in the export sector. Improved cost competitiveness had a comparatively smaller impact. There is no conclusive evidence of increased demand for capital goods.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/efb8f9ff5bc95a400821350d7ad16d92655dd194
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Citations in the corpus
- Trade openness and international fragmentation of production in the European Union: the new divide? (2012, unknown): “Thus we expect the openness measure to capture some of the intra-EU fragmentation, although the correlation is far from being perfect as intermediate goods are roughly a half of total intra-EU trade.(10)”
- Throwing Out the Ballast: Growth Models and the Liberalization of German Industrial Relations (2016, background): “…to the postunification period, studies whose coverage ends in the early 2000s tend to find smaller or even insignificant elasticities (Stahn 2006, Danninger and Joutz 2008), while studies reaching the early 2010s find greater elasticities suggesting the possibility of growing effects over time…”
- Employment impact of Covid-19 crisis: from short term effects to long terms prospects (2020, background): “2019), the Polish economy while shifting its productive system toward core manufacturing sectors mainly related to European value chains (anchored to German manufacture industries, Danninger and Joutz 2007), is still characterized by a strong primary sector.”
- Crisis and recovery in the German economy: The real lessons (2015, unknown): “…from an advantageous export structure, geared towards rapidly growing regions, including non-euro EU countries, Russia and China (ECB, 2005; Danninger and Joutz, 2007; nd Economic Dynamics 32 (2015) 11–24 EC, 2009); and to robustly growing medium-tech industries (chemicals,…”