Article Category: Empirical Paper
Publié en ligne: 30 juin 2020
Pages: 99 - 108
Reçu: 30 oct. 2019
Accepté: 18 avr. 2020
DOI: https://doi.org/10.2478/ijme-2020-0013
Mots clés
© 2020 Michael Frenkel et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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.