Arbeitspapier
The German manufacturing sector is a granular economy
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research and for economic policy are discussed.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 6115
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
- Subject
-
power law
idiosyncratic shocks
granular residual
Germany
Unternehmenserfolg
Großunternehmen
Schock
Produktivität
Verarbeitendes Gewerbe
Branchenkonjunktur
Konjunktur
Makroökonomischer Einfluss
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Wagner, Joachim
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201111303472
- Last update
- 10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Wagner, Joachim
- Institute for the Study of Labor (IZA)
Time of origin
- 2011
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
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Wusterhausen/Dosse
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
The granular nature of the great export collapse in German manufacturing industries, 2008/2009
One-third Codetermination at Company Supervisory Boards and Firm Performance in German Manufacturing Industries: First Direct Evidence from a New Type of Enterprise Data
Exports and firm characteristics in German manufacturing industries
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