Description |
1 online resource (iii, 28 pages) : illustrations |
Series |
IMF working paper ; WP/96/42 |
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IMF working paper ; WP/96/42.
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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 |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Saving and investment -- Netherlands -- Econometric models
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Balance of payments -- Netherlands -- Econometric models
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Surplus (Economics) -- Econometric models
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Balance of payments -- Econometric models.
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Saving and investment -- Econometric models.
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Netherlands.
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Form |
Electronic book
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Author |
International Monetary Fund. European I Department, issuing body.
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ISBN |
1455219088 |
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9781455219087 |
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1462361145 |
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9781462361144 |
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