The Pathological Export Boom and the Bazaar Effect: How to Solve the German Puzzle

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a ‘pathological export boom’ and a ‘bazaar effect’. Excessively high wages defended by unions and the welfare state against the for...

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Veröffentlicht in:	World economy 2006-09, Vol.29 (9), p.1157-1175
1. Verfasser:	Sinn, Hans-Werner
Format:	Artikel
Sprache:	eng
Schlagworte:	Competition Competition - Europe Current accounts Economic analysis Economic conditions Economic growth Economic performance Economic reform Economic theory Europe Export-import trade - Germany Exports Exports and Imports Federal Republic of Germany Germany Germany - Labor sector Impact analysis Labor supply - Germany Labor unions Labour market flexibility Labour market structure Outsourcing Studies Trade unions - Germany Unemployment Unions Value added Wages Wages & salaries Wages and salaries - Germany Welfare State
Online-Zugang:	Volltext
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