Spillover effects of Germany's final demand on Southern Europe

Title

Spillover effects of Germany's final demand on Southern Europe

 Author

Picek, Oliver (Vienna University of Economics and Business)
Schröder, E. (TU Delft Economics of Technology and Innovation) ORCID 0000-0001-5019-8228

 Date

2018

 Abstract

We use data from the World Input-Output Database to fit a closed multiregional input-output model in order 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.


 Subject

Adjustment
Effects
Euro area
External
Global value chains
Input-output analysis
Macroeconomic imbalances
Spillover

 To reference this document use:

http://resolver.tudelft.nl/uuid:7cd8ffa5-c51d-4e97-b4ba-5c628d14d053

 DOI

https://doi.org/10.1111/twec.12635

 ISSN

0378-5920

 Source

World Economy, 41 (8), 2216-2242

 Part of collection

Institutional Repository

 Document type

journal article

 Rights

© 2018 Oliver Picek, E. Schröder
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