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The Structure of the German Economy

Title data

Benz, Sebastian ; Larch, Mario ; Zimmer, Markus:
The Structure of the German Economy.
In: Applied Economics. Vol. 46 (2014) Issue 27 . - pp. 3274-3283.
ISSN 0003-6846
DOI: https://doi.org/10.1080/00036846.2014.927568

Abstract in another language

Exploiting the information contained in an economy’s input-output matrix and using the novel approach developed by Fisher and Marshall (2011), we calculate Rybczynski effects and Stolper-Samuelson effects for Germany in 2007. We show how sectoral output and factor remuneration react to exogenous changes of factor endowments and product prices, respectively. These calculations are implemented using two different models comprising one with labor and capital as the classical production factors and one where we introduce patent stock as an additional factor of production. In the former, we further differentiate between a scenario where all production factors are mobile and one with sector-specific capital. In the latter analysis we measure the impact of innovation- targeting policy action for sectoral output. Positive Rybczynski effects of patents and high-skilled workers are strongest in knowledge-intensive sectors, while other sectors contract. The introduction of patents as a further production factor has only minor influence on the Rybczynski effects of other factors.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Rybczynski effect; Stolper-Samuelson effect; input-output; Germany
Subject classification: O30, O52
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung
Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung > Lehrstuhl für Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung - Univ.-Prof. Dr. Mario Larch
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 14 Oct 2015 11:58
Last Modified: 14 Oct 2015 11:58
URI: https://eref.uni-bayreuth.de/id/eprint/16579