German Firms in Service Trade

Kelle, Markus; Kleinert, Jörn

doi:10.3790/aeq.56.1.51

Cited by 57 publications

(47 citation statements)

References 10 publications

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“…From the supply side firms suffered from a severe credit crunch (Chor and Manova, 2012;Auboin, 1 Breinlich and Criscuolo (2011) for the UK, Kelle and Kleinert (2010) for Germany, Walter and Dell'mour (2010) for Austria, Gaulier et al (2011) for France, Federico and Tosti (2012) for Italy and Ariu (2012) for Belgium.…”

Section: Introductionmentioning

confidence: 99%

Crisis-proof services: Why trade in services did not suffer during the 2008–2009 collapse

Ariu

2016

Journal of International Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The paper is released in order to make the research of CompNet generally available, in preliminary form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the ones of the author(s) and do not necessarily reflect those of the ECB, the ESCB, and of other organisations associated with the Network. Terms of use: Documents in EconStor may AcknowledgementsFinancial help under the Globalisation Investment and Trade in Services (GIST) project, funded by the EU 7th Framework Programme (ITN-2008-211429), is gratefully acknowledged. This work was carried out while I was an intern at the National Bank of Belgium, I thank for the hospitality and the support provided. All views expressed in this paper, as well as the errors, are my own solely and do not necessarily reflect the views of the National Bank of Belgium. This paper has greatly benefited from the suggestions of Michel Beine, Holger Breinlich, Anca Cristea, Frederic Docquier, Chiara Farronato, Martina Lawless, Kalina Manova, Florian Mayneris, Giordano Mion, Mathieu Parenti, Alberto Russo, Ilke Van Beveren and the participants of the many conferences and seminars I have been. Andrea AriuUniversité catholique de Louvain, Belgium; e-mail: andrea.ariu@uclouvain.be AbstractDuring the 2008-2009 crisis trade in goods experienced the deepest decline ever recorded. Surprisingly, trade in services came through the crisis unscathed and some service categories carelessly stuck to their growth paths. Using firm-productdestination exports for Belgium, we show that the particular resilience of services is explained by a significantly lower elasticity to demand in export markets. More specifically, services exports tend to decline on average 5% less than exports of goods following a 1% decrease in GDP growth in destination countries. Most of this effect is accounted for by business services, it is more pronounced with respect to durables than to consumable products and it is stronger for OECD exports than for non-OECD. In terms of economic magnitude, if goods had the same elasticity to GDP growth of services, they would have decreased of about half. Conversely, if services had the same elasticity of goods, their fall would have been more than thrice as much. Moreover, it is a widespread phenomenon, since all OECD countries experienced the same patterns. Therefore, understanding the causes of this peculiar resilience of service represents a very important research and policy...

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Section: Introductionmentioning

confidence: 99%

Crisis-proof services: Why trade in services did not suffer during the 2008–2009 collapse

Ariu

2016

Journal of International Economics

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“…One important result is that trade is strongly dominated by few large trading firms. This evidence can be found also for services trade (e.g., Breinlich and Criscuolo, 2011;Kelle and Kleinert, 2010). Table 4 gives information about the heterogeneity of German manufacturing service exporters related to the size of their export activities.…”

Section: Firm Level Heterogeneity 341 Large and Small Firmsmentioning

confidence: 80%

“…I find that about 75% of firms are also service importers in the investigated sample. Kelle and Kleinert (2010) find that there might be a positive relationship between service exports and import activities of a firm. Furthermore, the literature emphasizes that importing firms are, on average, significantly more productive than not importing firms.…”

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confidence: 99%

“…Following this reasoning, manufacturers should mainly appear as services importers in trade data. However, Kelle and Kleinert (2010) find that manufacturers are also often services exporters. They show in their firm level analysis using services trade micro data of the Deutsche Bundesbank that producer services export activities in Germany are often carried out by manufacturing firms.…”

Section: Introductionmentioning

confidence: 99%

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Crossing Industrial Borders: German Manufactures as Services Exporters

Kelle

2012

SSRN Journal

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Manufacturing firms increasingly engage in service trade activities. Microlevel data show that German manufacturers account for roughly 25% of German cross-border producer service exports. I have found that particular construction, engineering, and R&D services are exported. The machinery industries and automobile and chemicals producers dominate the overall pattern. The types of services exported vary strongly across industries. Furthermore, export activities are concentrated on a few large exporters. Service exports of advertising, data processing, and R&D services are found to likely support foreign affiliates of firms. However, these headquarter services are only infrequently observable. Much more important are construction and engineering services exported by machinery firms. These might represent installation and maintenance services exported to complement the supply of machinery. Beyond the support of foreign affiliates of firms, R&D services exports might be also important to transfer knowledge between unaffiliated firms at different stages of the value chain.

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“…More recently, thanks to the increasing availability of micro data, firm-level datasets have been used to investigate the characteristics of the exporters and importers of services and the concentration of trade across firms; and to compare service traders and non-service traders with respect to productivity, wages, size, turnover and differentiation level (Breinlich and Criscuolo, 2011;Kelle and Kleinert, 2010;Federico and Tosti, 2012). However, within the literature, there are only a few studies which apply the gravity framework to explain firm-level determinants of service trade flows (McCann and Toubal, 2011;Ariu, 2010;Federico and Tosti, 2012).…”

Section: Introductionmentioning

confidence: 99%