Publications

Labour productivity in the market sector declined by 1.4% in 2023. →

The growth of labour productivity in the market sector returned to a normal level of 1.0% in 2022. →

Firms have absorbed the higher costs for gas and electricity with energy savings and price increases for customers. The higher energy prices are expected to lead to only a limited number of additional loss-making firms. →

The dip in productivity growth in 2020 was followed by a strong recovery in 2021. As in most years, the growth in labour productivity in 2021 is mainly driven by the growth in Total Factor Productivity (TFP).... →

This technical document supplements the general documentation of the macromodel Saffier 3.0.... →

This paper documents the Saffier 3.0 model that is used for making macroeconomic projections and assessing the responses to fiscal policy changes in the short and medium run. This dual purpose of the model brings with... →

Productivity growth has been declining for several decades; not only in the Netherlands but in many European countries. During the corona pandemic, productivity growth has dropped even more.... →

This research shows that the support policy in 2020 has kept firms afloat, thereby preserving jobs. This was at the expense of economic dynamics. Most support has ended up in industries hardest hit by the lockdown, such... →

This paper analyses the declining firm dynamism in the Netherlands, which may explain part of the slowdown in productivity growth. We use a rich microdata set including nearly all corporations in the Netherlands during... →

We follow the production function approach to assess markups, which requires the estimation of the output elasticity of a free input. In the basic setup we estimate a structural value added production function, using... →