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Two recent trends combined in an econometric model for the Netherlands: the supply-side and sectoral approach

  • Johan P. Verbruggen
Part of the International Studies In Economic Modelling book series (ISIM)

Abstract

Distinctive features of the Dutch economy are openness and a relatively large public sector. Compared with an average total government outlay for the OECD countries of just over 40% of GDP in 1983,the Dutch ratio was considerably more than 60%. The openness of the Dutch economy is clear from the fact that exports and imports accounted for 44% and 40% respectively of total sales in 1985. These features are closely related to a growing interest in the modelling of supply-side elements and sectoral aspects of the economy: two recent trends in economic modelling in the Netherlands, which are central to this chapter.

Keywords

Building Industry Social Security Contribution Cross Price Elasticity Wage Moderation Dutch Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Chapman and Hall Ltd 1988

Authors and Affiliations

  • Johan P. Verbruggen

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