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book (2)


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English (2)


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1995 (2)

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Book
Netherlands : Selected Background Issues.
Authors: ---
ISBN: 1462327133 1452789045 1280984880 9786613756497 1463909586 Year: 1995 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper analyzes whether the lower increase in wages was a factor in the labor productivity and employment developments in the Netherlands. It argues that there is indeed such a link: rapid wage growth leads to a substitution of capital for labor, and hence to less labor-intensive production; slow wage growth leads to less rapid growth of labor productivity and, for the same output growth, results in a better employment performance. The paper also discusses the causes of the lower wage growth in the Netherlands.


Book
Netherlands : Recent Economic Developments.
Authors: ---
ISBN: 1462302912 1451992939 1280970448 9786613746252 1463909551 Year: 1995 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper describes economic developments in the Kingdom of the Netherlands during the 1990s. Following a slowdown in 1991–92, the Dutch economy experienced a mild recession in 1993 with GDP growth falling to about ½ percent. Output was sustained by external demand, which contributed nearly 1 percentage point to GDP growth, while domestic demand fell by ½ percent. Business investment decreased by 3 percent as a result of reduced profits and a low rate of capacity utilization, while the contribution to GDP of lower stockbuilding was –½ percentage point.

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