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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...
Persistent link: https://www.econbiz.de/10010663745
The crisis-ridden countries of southern Europe find themselves in a situation comparable to the one of flagging regions within a country: both are members of a currency union – the euro area in the first case, and the common national currency in the second. In both cases, a key policy...
Persistent link: https://www.econbiz.de/10010671469
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...
Persistent link: https://www.econbiz.de/10010776415
A regression analysis has shown that, due to watered-down competition, prices of single-day ski passes are higher by up to 18 percent in regions covered by ski networks than they would be in an independent region. Networking similarly weakens competition when it comes to multi-day passes....
Persistent link: https://www.econbiz.de/10011100023
Due to demographic change an efficient design of publicly funded long-term care services becomes increasingly important. A new law on public care funds (Pflegefondsgesetz) introduced in 2011 gives statutory priority to the extension of mobile home care over residential care. However, according...
Persistent link: https://www.econbiz.de/10010894342
The projection of public net expenditure on care services in the Länder (federal states) that are (partially) financed by the social welfare system and the needs-based guaranteed minimum social benefit system takes into account the demographic development, the better health status of elderly...
Persistent link: https://www.econbiz.de/10010894344
Considering the negative employment growth in Vienna since 1995 (1995-2003: –0.5 percent p.a., compared to +0.4 percent p.a. for Austria), doubts appear due, at least at first glance, whether the Viennese economy can keep pace with growing locational competition from other European cities. An...
Persistent link: https://www.econbiz.de/10005019615
The cyclical downswing which depressed economic growth in the Western provinces is leveling off. In the third quarter of 1993, production in Western Austria (+0.2 percent) as well as in Eastern Austria (—0.1 percent) stabilized around last year's level; in the South, business remained sluggish...
Persistent link: https://www.econbiz.de/10005019629
The issue studied was which regions can expect to enjoy net benefits and in which regions disadvantages will outweigh advantages. The assessment was made on the basis of the sectoral structure and endowment with location factors. In terms of sectoral structure, the analysis was based on the...
Persistent link: https://www.econbiz.de/10005019870
Whenever the business cycle approaches its trough and challenges for firms become particularly severe the regional pattern of competitive strength and need for adjustment shows up clearly. Upper Austria, Salzburg and the Tyrol fare much better than Styria, Carinthia and Vorarlberg. The Eastern...
Persistent link: https://www.econbiz.de/10005020047