What Explains Germany's Rebounding Export Market Share?

Abstract

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A disaggregated analysis of the export performance of some industrial and emerging countries

“…On the contrary, Germany was able to recover from a significantly downward trend in its market share by increasing its competitiveness. At the root of this performance, there are increased investment in R&D, structural reforms and changes in the production system of large exporters, which allowed Germany to expand its exports in new destinations and sectors (Danninger and Joutz, 2007).…”

Throwing out the ballast: growth models and the liberalization of German industrial relations

“…The recent literature on the price-elasticity of German exports (whose results are summarized in Appendix A) has the following common features: (a) the basic specification is growth of export volumes regressed on foreign demand and relative price differences; (b) the model is estimated in first differences if no evidence of cointegration is found or with some variant of the error correction model (ECM) otherwise; (c) results tend to vary considerably depending on the indicator of price competitiveness used (Bayoumi et al, 2011) and the time period selected. With regard to the post-unification 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 (Thorbecke and Kato, 2012;Breuer and Klose, 2014;European Commission, 2014).…”

The Survival of the Sunset Textile Industry Involving Bilateral Free-Trade Agreements: Empirical Evidences of Taiwan

“…The industry elasticities have increased over time, especially in industries subject to increasing product market competition. Danninger and Joutz (2008) tried to compute Germany's export market shares (EMS) and investigate its determinants. The empirical results indicated that the dominant factors explaining the increase in market share are trade relationships with fast growing countries and regionalized production in the export sector.…”

“…The EMS can be calculated as the following equation: (Carlin et al, 2001;Danninger and Joutz, 2008). It should be noted that EMS doesn"t take the country economic scale into consideration, which may cause some bias for estimations of international trade competitiveness.…”