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The impact of the introduction of the Euro on firms' expectations concerning export behavior, product innovation and foreign competition - An empirical assessment of the German business-related services sector

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  • Kaiser, Ulrich
  • Müller, Claudia

Abstract

This paper analyses the degree to which firms expect to be able to enter new markets, to develop new products and to contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in the service sector are used for the empirical analysis. East German firms do not differ from their West German competitors in their expectations that the Euro will increase export activity and product innovation, but significantly more East German firms expect new foreign competitors to enter the home market. The impact of the Euro on firms' expectations of entering new markets and developing new products is stronger for firms which already export than for those who do not. Further, the degree of preparation for the Euro plays a significant role in firms' market expectations.

Suggested Citation

  • Kaiser, Ulrich & Müller, Claudia, 1998. "The impact of the introduction of the Euro on firms' expectations concerning export behavior, product innovation and foreign competition - An empirical assessment of the German business-related servic," ZEW Discussion Papers 98-29, ZEW - Leibniz Centre for European Economic Research.
    • Handle: RePEc:zbw:zewdip:9829
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    References listed on IDEAS

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    1. Klodt, Henning & Maurer, Rainer & Schimmelpfennig, Axel, 1997. "Tertiarisierung in der deutschen Wirtschaft," Open Access Publications from Kiel Institute for the World Economy 959, Kiel Institute for the World Economy (IfW Kiel).
    2. Katherine Wakelin, 1996. "Innovation and export behaviour at the firm level," National Institute of Economic and Social Research (NIESR) Discussion Papers 94, National Institute of Economic and Social Research.
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    More about this item

    Keywords

    European Monetary Union; Euro; business-related services; binary probit model; export; foreign competition;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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