Economic activity tends to exhibit a more uniform pattern in an international recession than during an upswing. In 1993, GDP growth rates by provinces were within the range of 1 percentage point (Austria total, excluding agriculture and forestry ±0.0 percent). The only exception was the...

The long duration of the current economic upswing has smoothed most regional economic imbalances. A tight labour market in the western part of Austria has helped laggards, such as Styria, to catch up; only Vienna is falling behind. The manufacturing sector, the engine of growth in the other...

Regional disparities can be seen as a result of diverging adaptability which is essentially due to externalities concerning the collecting and processing of information. The regional cycle hypothesis claims that diseconomies of information may originate from the very process of growth, causing a...