Hansen, S. and Waelde, K. (2003) Warum ist Deutschland exportweltmeister? Der einfluss laufender internationaler transfers. Jahrbuch für Wirtschaftswissenschaften, 54, pp. 101-113.
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Publisher's URL: http://www.jstor.org/stable/20715004
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.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Waelde, Prof Klaus |
| Authors: | Hansen, S., and Waelde, K. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Jahrbuch für Wirtschaftswissenschaften |
| Publisher: | Lucius and Lucius Verlagsgesellschaft |
| ISSN: | 0948-5139 |
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