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In this document we summarise the most relevant empirical and stylised facts related to the Dutch current account. →

From the theoretical literature, we find that there are several explanations to account for persistent surpluses. →

From the theoretical literature, we find that there are several explanations to account for persistent surpluses. →

The use of the GTAP and WIOD databases to calculate trade in value added provides valuable information that can be compared with the traditional gross trade statistics. →

The use of the GTAP and WIOD databases to calculate trade in value added provides valuable information that can be compared with the traditional gross trade statistics. →

The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. →

The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. →

Recent trade-in-tasks models suggest that relative low-skill wages (in rich high-skill abundant countries) may increase when low-skill tasks are offshored. →

Recent trade-in-tasks models suggest that relative low-skill wages (in rich high-skill abundant countries) may increase when low-skill tasks are offshored. →

This is a background document for the CPB Discussion Paper 143: Exports and productivity selection effects for Dutch firms. →