This paper is a first attempt to empirically evaluate some competing hypotheses for the Austrian growth performance. We find that the real appreciations, gross investment, a low duration of unemployment and high youth employment exhibit a significant influence on economic growth. This validates...

Ausgehend von den konventionellen Ansätzen der Wachstumstheorie, von keynesianischen Ansätzen (Harrod 1939 und Domar 1946) über die neoklassische Modelle (Solow 1956) bis zur endogenen Wachstumstheorie (Romer 1986 und 1990) fußen wachstumspolitische Vorschläge einerseits auf Formen der...

A fundamental point of this paper is, that - given existing structures (!) - the persistent problem of high unemployment in Europe cannot be attributed to tendencies in "jobless-growth" but is mainly caused by the fact that GDP-growth has been - and is still too low. This argument is first based...