1. The Dutch Growth Accounts Erik Veldhuizen World KLEMS Conference August 19-20, 2010 Harvard University

2. Background First published in 2007 Time series from 1995 onwards Exogeneous and endogeneous model Y-KLEMS and VA-KL 36 industries

3. Differences with EU-KLEMS Exogeneous rate of return Sectoral output No labour characteristics More capital inputs Laspeyres index

4. Dutch National Accounts Consistent set of Supply and Use Tables Sector Accounts Labour Accounts Non-Financial Balance Sheets

5. Use of National Accounts (1) Intermediate Consumption & Output: Supply and Use Tables Consolidation: Input-Output Tables Hours Worked: Labour Accounts

6. Use of National Accounts (2) Compensation of Employees: Labour Accounts & S&U Tables User Cost: Based on Non- Financial Balance Sheets Taxes & Subsidies: S&U Tables

7. Problems with National Accounts Independent output measures Capital services for non-market producers Trade & transport margins Renting of movables Labour volume index

8. MFP in some industries

9. MFP for more capital inputs in mining and quarrying

10. Future Work Including Labour Characteristics Extending Time Series Including extra Capital inputs More Industries