Abstract
The Austrian balance of payments has experienced major changes during the eighties as compared to the seventies, the most striking being the switch from large current account deficits to a more or less balanced current account from 1982 on. More precisely: After yearly deficits of nearly 2% of GDP on average in the period 1974 to 1981 the current account showed an average surplus of somewhat less than 0,2% of GDP in the period 1982 to 1989. From 1990 to 93, a period which was much influenced by special events like the German unification and the opening of former Communist countries, the current account remained more or less unchanged on average.
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© 1994 Springer-Verlag Berlin Heidelberg
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Proske, D. (1994). Austria’s Balance of Payments under Changing Domestic and External Conditions. In: Böhm, B., Punzo, L.F. (eds) Economic Performance. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-51170-7_13
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DOI: https://doi.org/10.1007/978-3-642-51170-7_13
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0811-7
Online ISBN: 978-3-642-51170-7
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