Die vorliegende Studie zum Potenzial der BRICS-Staaten für die österreichische Außenwirtschaft diskutiert in einem ersten Schritt aktuelle makroökonomische Entwicklungen und strukturelle Aspekte der fünf BRICS-Staaten sowie die damit verbundenen Herausforderungen für die Zukunft. In einem...

Die in der jüngsten Vergangenheit feststellbare zunehmende Digitalisierung von Gesellschaft und Wirtschaft erscheint auf ersten Blick als radikal umwälzende Entwicklung. Im Detail betrachtet zeigt sich, dass die aktuellen Tendenzen nur eine Fortsetzung der bestehenden Entwicklungen der...

Global value chains (GVCs) play a crucial role in today's international trade. High value-added activities tend to cluster at the start and the end of GVCs, resulting in a U-shaped relationship across production steps known as the "smile curve". The distribution of CO2 emissions along the value...

So far studies concerned with the interest pass-through of monetary policy have not taken into account one central issue that arose in Europe in the late 1990s: the importance of financial structure for the convergence of monetary transmission. This study addresses this shortcoming. We estimate...

In this paper we describe the EAR (regional economic accessibility) model to investigate the impact of the improvement of railroad infrastructure on regional GDP, population and firms growth in 99 Austrian regions. We evaluate the impact of four potential railroad infrastructure investment...

In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long-term by its equilibrium rate, which in turn is affected by permanent shocks of some exogenous variables. In our empirical approach we decompose the dynamics of employment and...