Samenvatting

In contrast to common believe, evidence shows that the Dutch economy does
not depend on the state of the German business cycle. An analysis of annual GDP
growth data on different geographical levels (country, province, regions) reveals
only very limited correlation between the economic growth in the Netherlands
and Germany.
For companies in the border region, this means that they can expect to find
more macroeconomic stability as they extend their market across the border and
are flexible in relocating their activities according to differing national or regional
business cycles.