The ROBINSON and MARSHALL-LERNER conditions are necessary and sufficient for a devaluation to be successful end are therefore the backbone of the elasticities approach to the balance of payments. These conditions are generalized by taking into account some actual features of modern foreign...

We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 in terms of firms' market power as measured by the Lerner index, using a sample of 46 industries and 7 industry groups, covering the period 1978 to 2001. In the framework of the...

Germany and Austria, neighbours of different size and with the same language, still have close economic bonds, but the combined effect of Austria joining the EU, the eastern opening and the EU's enlargement has made Austria grow increasingly separate from Germany. Since the early 1990s,...

Austria has gained economically from all integration steps taken by the European Union over the past 15 years (eastern opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel, its effects have similarly overlapped. Eastern...

Income distribution as it currently is and its long-term development are studied from a variety of data sources. In terms of workers, the study focuses on the wages and salaries of the dependently employed. It finds that the gap between low- and high-wage earners is broad and has further widened...