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Austria's GDP grew by just 0.3 percent in 2014, making for a sluggish economy for the third year in a row. Causes for the sluggishness were not just continued investment reticence on the part of businesses and muted expenditure on the part of private households but also the lack of any strong...
Persistent link: https://www.econbiz.de/10011266960
In 2013, Austria's economy grew by just 0.4 percent, the slowest growth rate since the recession of 2008-09 when overall production had shrunk by 3.8 percent. Both the investment volume and private household consumption declined in real terms. Unemployment rose sharply to a new height of 7.6...
Persistent link: https://www.econbiz.de/10010765772
Quarterly national account estimates are subject to revisions over time, to account for newly available data and new methods of computation, as well as a revision of their underlying data source. In economically turbulent periods, such as the financial and economic crisis of 2008-09, revisions...
Persistent link: https://www.econbiz.de/10011167361
Quarterly national account estimates are subject to revisions over time, to account for newly available data and new methods of computation, as well as a revision of their underlying data source. In economically turbulent periods, such as the financial and economic crisis of 2008-09, revisions...
Persistent link: https://www.econbiz.de/10010941202
According to difference-in-difference estimates business cycle synchronisation and similarity in sector structures between acceding and pre-existing regions reduced after Eastern Enlargement. Results for Northern enlargement are more ambiguous. In both enlargements, however, region pairs...
Persistent link: https://www.econbiz.de/10011147859
This paper describes the methodologies used for constructing a composite leading indicator for the Austrian economy (CLI-AT). First, a selection of those monthly indicators which overall fare best in showing a "steady" leading behaviour with respect to the Austrian business cycle was performed....
Persistent link: https://www.econbiz.de/10008478681
With demand for investment once again on the rise and foreign trade (in goods) briskly growing across much of 2011, the Länder with a large share of industrial production were favoured over those more focused on services. Upper Austria and Styria again vied for first place in economic growth,...
Persistent link: https://www.econbiz.de/10010663860
An ex-post analysis of the development of business cycles in the Austrian Länder for 1996 to 2011 found that their patterns tended to differ considerably not just in an interregional comparison but also in terms of the overall economy. This newly gathered empirical evidence confirms that in...
Persistent link: https://www.econbiz.de/10010663873
The empirical literature on mergers, market power and collusion in differentiated markets has mainly focused on methods relying on output and/or panel data. In contrast to this literature we suggest a novel approach that allows for the detection of collusive behavior among a group of firms...
Persistent link: https://www.econbiz.de/10011096112
A regression analysis has shown that, due to watered-down competition, prices of single-day ski passes are higher by up to 18 percent in regions covered by ski networks than they would be in an independent region. Networking similarly weakens competition when it comes to multi-day passes....
Persistent link: https://www.econbiz.de/10011100023