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Journal Article

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
Stable URL: http://www.jstor.org/stable/20715004
Page Count: 13
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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
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Abstract

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.

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