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OECD Economic Surveys: Netherlands 2004

image of OECD Economic Surveys: Netherlands 2004

In this 2004 review of the Dutch economy, OECD examines the reasons for the volatility in the Dutch economy and makes recommendations in such areas as housing and pension reform, fiscal policy, labour force participation, product market competition,  innovation and productivity, and sustainable development. 

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Assessment and Recommendations

Economic growth has fallen more sharply in the Netherlands since 2001 than in most other European countries. Domestic factors that boosted growth in the late 1990s – wealth effects from housing and stock markets and pension fund developments – have since turned around, accentuating the effects of the international business cycle. A number of institutional arrangements – residential zoning laws and tax subsidies for owner occupiers, plus weaknesses in pension fund regulation – have contributed to these developments as well as undermining economic efficiency. Output has thus fallen ...

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