Spillover effects of Germany's final demand on Southern Europe

We calibrate a closed multi-country input-output model with data from the World Input-Output Database to estimate the size of spillover effects of Germany’s final demand on GDP, employment, and the trade balance in Southern European countries. We find that spillover effects are rather small. Germany alone will hardly make a significant contribution to the external adjustment process in the European South.

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Year of publication:	2017
Authors:	Schröder, Enno ; Picek, Oliver
Publisher:	Düsseldorf : Institut für Makroökonomie und Konjunkturforschung (IMK), Hans-Böckler-Stiftung
Subject:	euro area \| macroeconomic imbalances \| external adjustment \| input-output analysis \| global value chains \| spillover effects

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Series:	IMK Working Paper ; 181
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	89125286X [GVK] hdl:10419/192979 [Handle]
Classification:	F14 - Country and Industry Studies of Trade ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F42 - International Policy Coordination and Transmission ; C67 - Input-Output Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10011984249