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Review of Economics

Jahrbuch für Wirtschaftswissenschaften

Editor-in-Chief: Berlemann, Michael

Ed. by Haucap, Justus / Thum, Marcel

3 Issues per year

Online
ISSN
2366-035X
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A Note on the Granular Nature of Imports in German Manufacturing Industries

Joachim Wagner
Published Online: 2016-02-11 | DOI: https://doi.org/10.1515/roe-2014-0303

Abstract

This paper uses an approach recently suggested by Gabaix (Eonometrica 2011) to investigate for the first time the role of idiosyncratic shocks to the largest firms in the dynamics of imports by firms from manufacturing industries. For Germany we find evidence that imports are power-law distributed and that the distribution of imports in the industries can be characterised as fat-tailed. Results show that idiosyncratic shocks to very large firms are important for the import dynamics in 2010/2011 but not in 2009/2010.

Keywords: Imports; power law; granular residual; Germany

About the article

Published Online: 2016-02-11

Published in Print: 2014-12-01


Citation Information: Review of Economics, ISSN (Online) 2366-035X, ISSN (Print) 0948-5139, DOI: https://doi.org/10.1515/roe-2014-0303.

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© 2014 by Lucius & Lucius, Stuttgart.

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