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A consequence of melting Arctic ice caps is the commercial viability of the Northern Sea Route, connecting North-East Asia with North-Western Europe. →

The Netherlands has experienced a persistent and relatively large current account surplus since the 1970s. In recent years the surplus has increased, reaching a historically high level of 8.5% of GDP in 2013. →

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. →

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. →