Austria is well endowed with a well-developed transport infrastructure. Nevertheless, regularly occurring congestion in the urban areas and transit routes during vacation periods and inadequate transport links to its eastern neighbours make it necessary to further expand the country's road and...

Over the past decade, Austria has made considerable efforts to open up its product markets to competition. Besides the early liberalisation of the energy and telecommunication markets, measures were taken to eliminate barriers to market access and initiate a move towards administrative...

Austria's economy is in transition from implementing existing technologies to the creation of innovative products and processes. Its research intensity has been enhanced, as have the skills requirements to be met by its workforce. In order to complete this transition it is necessary to adjust...

Between 1990 and 2004, the average annual growth of total real value added amounted to about 2.38 percent, with +1.33 percentage points contributed by capital output growth, +0.46 percentage point by labour output growth, and +0.85 percentage point by multi-factor productivity growth (as well as...

As theoretical and empirical studies show, the size of the public sector in itself has little effect on growth and employment. Of greater relevance is the structure of government revenue and spending. Taxes and charges on labour are distinctly more detrimental to growth and employment than those...

In recent years, exports have become a driver of economic growth in Austria and contributed essentially to the creation of employment. Austria was able to conquer increasing market shares at the international level and succeeded in improving its trade balance. Contrary to public fears, the...

The pace of economic growth currently projected for Austria will not be strong enough for a reduction of unemployment. Higher growth is and remains the key leverage to raise employment and reduce the number of unemployed. However, for a high-income country oriented towards the European top group...