Spillover effects of Germany's final demand on Southern Europe

Oliver Picek, Enno Schröder

Research output: Contribution to journalArticleScientificpeer-review

5 Citations (Scopus)
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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.

Original languageEnglish
Pages (from-to)2216-2242
Number of pages27
JournalWorld Economy
Issue number8
Publication statusPublished - 2018


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


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