You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Warum ist Deutschland Exportweltmeister? Der Einfluss laufender internationaler Transfers
Sabine Hansen and Klaus Wälde
Jahrbuch für Wirtschaftswissenschaften / Review of Economics
Bd. 54, H. 1 (2003), pp. 101-113
Published by: Lucius & Lucius Verlagsgesellschaft mbH
Stable URL: http://www.jstor.org/stable/20715004
Page Count: 13
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
We assess the influence net current transfers have on a country's trade balance. We develop a simple overlapping generations model of a small open economy that is a net creditor in the initial equilibrium and that provides regular current transfers. We show that transfers have a 1: 1 direct and a weaker indirect effect on the economy's export surplus. Applying this model to Germany, using macro data for the period from 1970 to 2000, we show that almost 87% of the German trade balance's surplus is due to the provision of current transfers. Accordingly, the main part of Germany's well-known strong export position is determined by factors underlying political decisions and not economic factors.
Jahrbuch für Wirtschaftswissenschaften / Review of Economics © 2003 Lucius & Lucius Verlagsgesellschaft mbH