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

Economic Report

Why India is wise not to join RCEP

On November 15th, the Regional Comprehensive Economic Partnership (RCEP) was signed, but India decided to opt out. Many consider this a policy mistake, but we argue that India’s choice is actually quite rational.

Economic Comment

Phase One Monitor – December update

Despite reversing the downward trend in September and October, China is still miles behind the target. There is a clear divergence on the progress towards targets for agricultural and energy imports, and manufacturing and services imports.

Economic Quarterly Report Dutch version

Global Economic Outlook: light at the end of the tunnel?

We expect the global economy to contract by 3.8% in 2020 and a recovery in 2021 of 4.5%. COVID vaccines will enable the economic recovery, although availability and distribution will vary globally. Economic challenges remain in form of divergent growth between sectors, Brexit, a growing share of ‘zombie firms’ and US-China trade tensions.


Economic developments in India: A mixed bag of ups and downs

Economic developments in India are mixed. On the upside, there is the prospect of an effective vaccine, fresh government stimulus and better economic performance than anticipated. On the downside, there is a risk of a second wave and the economy continues to struggle with high inflation.


CPB-doorrekening moet en kan echt anders (Dutch)

Voor de verkiezingen rekent het CPB de verkiezingsprogramma’s van politieke partijen door. Partijen die inzetten op investeringen in onderwijs, onderzoek en innovatie komen er onterecht bekaaid vanaf in de modellen van het CPB. Hoe kan dit anders?


Biden and Trump policies: Compare and contrast

While both Trump and Biden want to boost economic growth and reduce unemployment, their approaches are radically different. In this report, we try to assess the impact of their policy plans on a range of macroeconomic variables, such as GDP, real income, public debt and trade.