Affiliation:
1. WHU - Otto Beisheim School of Management , Germany .
2. Deutsche Bundesbank , University of Applied Sciences , Germany .
Abstract
Abstract
This article reviews several hypotheses that aim at explaining the development of German merchandise exports. Based on cointegration estimation techniques, we examine different determinants for their ability to explain German exports during the period 1992–2016. The estimation results indicate that, in addition to the traditional determinants (world demand and price competitiveness), other determinants, such as energy prices and the increasing fragmentation of production processes, are also crucial in explaining German exports.
Reference31 articles.
1. Barrell, R., Pomerantz, O. (2007), Globalisation and technology intensity as determinants of exports, NIESR Discussion Papers 295.
2. Blanchard, O. J., Philippon, T. (2004), The quality of labor relations and unemployment, MIT Department of Economics Working Paper 04–25.
3. Bundesbank. (2006), Determinanten der Leistungsbilanzentwicklung in den mittel- und osteuropäischen EU-Mitgliedsländern und die Rolle deutscher Direktinvestitionen, Monatsbericht Januar 2006, 17–36.
4. Cassiman, B., Golovko, E., Martínez-Ros, E. (2010), Innovation, exports and productivity, International Journal of Industrial Organization, Vol. 28, No. 4, pp. 372–376.
5. Danninger, S., Joutz, F. (2007), What explains Germany's rebounding export market share? IMF Working Paper 07/24.
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献