Austria's GDP grew by just 0.3 percent in 2014, making for a sluggish economy for the third year in a row. Causes for the sluggishness were not just continued investment reticence on the part of businesses and muted expenditure on the part of private households but also the lack of any strong...

The European Council, the European Parliament and the European Commission, in an interinstitutional agreement concluded in May 2006 agreed on a new financial framework, thereby fixing the expenditure for the period 2007-2012 for a Union that will then comprise 27 member states. Cohesion policy...

Practicing sports as well as the organization of sports events generate considerable positive external effects which cause an inefficiently low provision of private funds and thus justify public interventions in the sports market. For instance, organising competitions and providing sports...

The economic situation in 2005 lost some of its momentum in the first half of the year, but in the second half the Austrian economy saw dynamic development. The gross value added (without agriculture and forestry) rose slightly more than 2 percent in 2005. The weakening of export growth...

Globalisation is intensifying international trade and imported goods are increasingly being used in production. However, the rising share of imported intermediary goods and services means a decreasing share of gross valued added. According to the "bazaar theory", which is based on this...

MultiREG is a multiregional input-output model that extends previous work on single-region models for Austria both in its geographic scope and its theoretical foundations. In a first version the model was completed in late 2004 and has already been used in long-term economic projections as well...

No empirical evidence has so far been collected on the quantitative effects of EU structural fund programmes in Austria. The present analysis, by its very nature a pilot study, is thus the first attempt to shed light on this important issue. Using a small regional scale, we analysed systematic...

While in the first half of 2008 economic conditions were still very favourable in Austria, an economic downturn set in midyear and gained strength towards the end of 2008. This peculiar growth pattern implies that economic indicators for the year 2008 do not fully reflect the extent of the...

Gross value added grew at a slow rate everywhere in Austria, due to the fact that exports, the traditional drivers of growth, failed as propellant. The brightening of national and international prospects in the second half of the year helped industrial regions, gaining them a slight growth edge...

After two years of highly dynamic growth in Austria, the global slowdown impacted in 2012 when Austria's economy managed just a relatively minor increase of its real GDP (+0.8 percent). With a few exceptions, all the economic sectors reported value-added growth rates lower than those of the...