At the 2000 Lisbon summit, the European Union formulated the ambition to transform itself into "the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion'. It is remarkable that, until...

Abstract: An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most...

An important application of national accounts is in the formulation of socio-economic policy. This paper starts out with a discussion of the current situation in the Netherlands. Subsequently, it identifies several universal trends (more micro-oriented policy formulation, globalization, the rise...