RaboResearch - Economic Research

Hugo Erken

Head of Netherlands Economics

Hugo oversees a team of economists that is responsible for analysing and forecasting Dutch macroeconomic and sectoral developments.

The team has a broad coverage on specific topics, such as the Dutch housing market, the labor market, savings and pensions, entrepreneurship, productivity and the impact of government policy. Our knowledge ultimately aims to assist clients and other stakeholders in preparing for the future. Hugo’s focus areas are the labor market, international trade and productivity.

Hugo has more than 20 years of experience in economic research and joined RaboResearch in 2015. Before Rabobank, he worked for the Dutch Ministry of Economic Affairs, the Dutch Ministry of Social Affairs and Employment, and the CPB Netherlands Bureau for Economic Policy Analysis. Hugo graduated in International Economics at the Radboud University Nijmegen and wrote his PhD dissertation on Productivity, R&D and Entrepreneurship at the Erasmus University Rotterdam.

Publications Hugo Erken


Wat heeft Trump in honderd dagen bereikt? (Dutch)

Na honderd dagen is het tijd om de balans op te maken over de koers die Donald Trump als president van de VS heeft uitgezet. Zeker voor zijn achterban zal dat een teleurstelling zijn. Hij heeft slechts decreten ondertekend en er is nog geen significante wetswijziging door het Congres geloodst.

Economic Report

India: where is the negative impact of demonetization?

The Indian economy grew by 7% in Q4 of 2016, which is surprising given that India was struck by an unexpected demonetization operation. The explanation can be found in underrepresentation of the informal economy in statistics and overestimation of the role of the private corporate sector.

Economic Report

The (potential) impact of Trump on Asia Pacific

Trump’s policy regarding Asia presents a downside risk for APAC’s economy and security situation. If the US increase trade barriers, this is expected to have major implications for the region. Even more so if there would be protectionist retaliations.


Unleashing China and India’s growth potential (1): productivity growth

China and India have to foster productivity growth in order to avoid getting stuck in the middle income trap. The implementation of an ambitious innovation, education and institutional reform agenda would enable both countries to become the world’s new global growth catalysts.

Economic Report

Will China be the world's new growth catalyst?

China can move up to the center stage of the global economy, if it succeeds in fostering innovation, human capital and the quality of institutions. The economic gains could be as high as USD 6.5 trn of additional value added in 2025, which is equivalent to one-third of US GDP.


Confucius de topcoach (Dutch)

Door sterk in te zetten op innovatie, onderwijs, betere regelgeving en meer vrijhandel kan China in minder dan tien jaar tijd minimaal 6,8 biljoen euro aan extra toegevoegde waarde realiseren. Daarmee zou China de nieuwe katalysator voor de wereldeconomie kunnen worden, op een moment dat de VS deze rol niet meer lijkt te willen vervullen.