This paper presents the results of the second stage in building a model for sectoral forecasts, an input-output model (I-O Model) that is fully compatible with the WIFO Macro Model. The first stage was completed one year ago, and the following changes were then implemented: the data base of the...

Vigorous growth of the distribution sector in the past has strengthened its position within the Austrian economy. Lively consumer demand and rising receipts from tourism have boosted retail sales in the first half of 1992 (+3.2 percent in volume, year-on-year). In July and August, however, sales...

From 1964 to about 1988 the saving rate fluctuated more or less regularly around a constant mean. Since then, however, a rising trend has been observed. One factor was the tax reform of 1989 which resulted in – to some extend only transient – income gains, a large proportion of which tend to...

In past recessions, Austrian consumer have tended to maintain their level of consumption; therefore, in contrast to other countries precautionary saving has not been an important factor in the aggregate. This conclusion seems also to apply to the first half of 1993. The decline in the propensity...

The direct "child costs" arising to private households could be seen as the additional income which would be necessary for families with (a growing number of) children to achieve in order to attain a similar level of welfare as is enjoyed by childless households. Using data from the 1999-2000...

This paper deals with integrating technology as well as lifestyles as driving forces of energy demand into a model of total private consumption. Private consumption is determined by economic variables like income and prices as well as these other factors. Technology is represented by variables...

This study uses time-series techniques and econometric approaches in order to quantify the effects that organising an EU presidency has on the tourism exports of a country. The approach to explain tourism revenues by a time-series intervention model filters out special effects (data...