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- W1544002550 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." @default.
- W1544002550 created "2016-06-24" @default.
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- W1544002550 date "2002-01-01" @default.
- W1544002550 modified "2023-09-27" @default.
- W1544002550 title "Warum ist Deutschland Exportweltmeister? Der Einfluss laufender internationaler Transfers" @default.
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- W1544002550 hasPublicationYear "2002" @default.
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