02003cas a2200241 a 4500 AALejournalIMF000244 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451975772 1018-5941 BD-DhAAL BD-DhAAL Halikias, Ioannis. Long-Term Trends in the Saving-Investment Balance and Persistent Current Account Surpluses in a Small Open Economy : The Case of the Netherlands / Ioannis Halikias. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/042 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/042/001.1996.issue-042-en.xml IMF e-Library