NA/69 Analysing relative factor inputs of Dutch exports: An application of the 1991 Social Accounting Matrix for the Netherlands

15-6-2006 13:27

Cörvers, Frank and Ted Reininga (1996).The paper analyses the human and physical capital content of Dutch trade and tests the validity of the controversial Heckscher-Ohlin-Vanek (HOV) theorem of international trade for the Netherlands. The factor content analysis shows that the Netherlands is abundant in machinery and equipment and low-skilled labour and is poor in intermediate and high-skilled labour and construction. These findings are in line with the true Dutch factor endowments and underline the relevance of the HOV theorem in the Dutch case.