Die gesamtwirtschaftliche Lage, die zum Zeitpunkt der Erstellung der vorliegenden Version der Beschäftigungsprognose für Österreich und die Bundesländer vorherrscht, ist von mehreren Sonderfaktoren geprägt. Zum einen führte die weltweite Covid-19-Pandemie zu großen wirtschaftlichen...

The speed of income convergence in Europe remains one of the hot topics in regional economics. Recently Bayesian Model Averaging (BMA) applied to spatial autoregressive models seems to have gained more popularity. BMA averages over some predetermined number of so called top models, ranked by the...

This paper aims to identify the contribution of knowledge capital and its determinant - human capital - to total factor productivity differences among regions within a regression framework in general and the impact of their spillovers on regional total factor productivity in particular. The...

Die mittelfristige Prognose der wirtschaftlichen Entwicklung und des strukturellen Wandels, der sektoralen Beschäftigungsveränderungen und der Nachfrage nach beruflichen Tätigkeiten, die das Österreichische Institut für Wirtschaftsforschung im Auftrag des AMS Österreich durchgeführt hat,...

In this paper we propose a Bayesian estimation approach for a spatial autoregressive logit specification. Our approach relieson recent advances in Bayesian computing, making use of Pólya-Gamma sampling for Bayesian Markov-chain Monte Carlo algorithms.The proposed specification assumes that the...

Vor dem Hintergrund der massiven wirtschaftlichen Auswirkungen der COVID-19-Pandemie und der Maßnahmen zu ihrer Eindämmung bietet das vorliegende Papier eine Abschätzung der relativen Betroffenheit der Wirtschaft der österreichischen Bundesländer in der derzeitigen Krisenphase. Die Analyse...

We develop a multivariate dynamic factor model that exploits euro area country-specific information on output and inflation for estimating an area-wide measure of the output gap. In the proposed multi-country framework we moreover allow for flexible stochastic volatility (SV) specifications for...

Cross-demand creates links between goods which cause demand-driven cross-price dependencies. We construct a theoretical model to analyze their role in propagating microeconomic price shocks to the CPI inflation rate and examine their empirical relevance using spatial econometric techniques. The...

This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in 1995 to 2000 and, moreover, relaxes the assumption of a single steady-state growth path which appears to be out of tune with reality of empirical dynamics. The two-club spatial...

Innovation networks of manufacturers are currently receiving much attention as a competitive strategy. The contribution represents a response to the growing recognition that there are very important reasons why we need a better understanding of the relationship between innovation and networking....