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Google圖書搜尋
A Note on Export Redirection
Christian Hutter
Ignat Stepanok
Enzo Weber
其他書名
Evidence Following the Onset of the War in Ukraine
出版
Institute for Employment Research of the Federal Employment Agency
, 2023
URL
http://books.google.com.hk/books?id=UiEK0AEACAAJ&hl=&source=gbs_api
註釋
The war in Ukraine triggered a global trade shock, with German exports to Russia also collapsing abruptly. Using this break, we analyse whether the exports were redirected to other destinations. We divide the world market into three regions: domestic, eurozone, and the rest of the world (ROW). In a panel model of German industries, we find that higher export exposure to Russia meant lower sales to the ROW after the war began. This was offset by higher sales in the eurozone and domestic markets. The effects occurred quickly but later receded. We find no production decline due to the trade shock.
