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E-book
Author Halikias, Ioannis, author.

Title Long-term trends in the saving-investment balance and persistent current account surpluses in a small open economy : the case of the Netherlands / prepared by Ioannis Halikias
Published [Washington, D.C.] : International Monetary Fund, European I Dept., ©1996

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Description 1 online resource (iii, 28 pages) : illustrations
Series IMF working paper ; WP/96/42
IMF working paper ; WP/96/42.
Summary Annotation This paper explores, from an investment-saving perspective, the factors underlying the persistent widening of the current account surplus in the Netherlands since the early 1980s. Standard intertemporal models, even appropriately extended to incorporate specific features of the Dutch economy, do not appear to fully account for this development. Accordingly, the paper focusses attention on the production side of the economy to gain further insight into the trends of the current account. Empirical evidence suggests that changes in relative factor prices and a relative demand shift toward non-tradable goods account for the bulk of the observed widening of the current account surplus. In turn, the impact of these factors on the current account appears to reflect both changes in factor proportions and deviations from perfect competition in the Dutch sheltered sector
Bibliography Includes bibliographical references (pages 27-28)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Saving and investment -- Netherlands -- Econometric models
Balance of payments -- Netherlands -- Econometric models
Surplus (Economics) -- Econometric models
Balance of payments -- Econometric models.
Saving and investment -- Econometric models.
Netherlands.
Form Electronic book
Author International Monetary Fund. European I Department, issuing body.
ISBN 1455219088
9781455219087
1462361145
9781462361144