The cyclical upswing in Austria continues. Driven by the swift expansion of global activity, exports are posting strong gains. Meanwhile, the momentum is being transmitted to private investment which is set to rise substantially over the forecast period. Short-term indicators suggest that the...

The cyclical upswing in Austria continues. Driven by the swift expansion of global activity, exports are posting strong gains. Meanwhile, the momentum is being transmitted to private investment which is set to rise substantially over the forecast period. Short-term indicators suggest that the...

Due to their geographical proximity, their natural resources as well as their market potential and labour pool, the countries of the Black Sea region located at the strategic crossroads of Europe, Central Asia and the Middle East are gaining increasing importance. As the economies are expanding...

With its accession to the European Union Austria ceded economic policy authority to the EU level. However, a large part of those policy fields which are important for a growth strategy, such as education, innovation, labour market and social policies, largely remain in the responsibility of...

The export-driven upswing of economic activity in Austria is expected to continue. Nevertheless, the pace of growth will decelerate markedly in the first half of 2011 as global trade and the expansion in Asia, Latin America and the USA lose momentum; in addition, the planned fiscal consolidation...

The cyclical recovery of the Austrian economy continues. Exports and manufacturing benefit from the strengthening of global activity. Yet, the stimulus from abroad is only gradually being transmitted to domestic investment. The rebound of demand and output makes for an improvement on the labour...

An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...

This paper aims at empirically estimating the demand effects of changes in functional income distribution for Austria. Based on a Post-Kaleckian macro model, this paper estimates the effects of a change in the wage share on the main demand aggregates. The results for the behavioral functions for...

Social scientists have long argued that developed countries are more and more responsible for climate change because they externalise pollution to less developed countries. This paper offers a way to quantify climate responsibility by calculating carbon footprints and carbon balances between...