In this paper, we present stylized facts of exchange rate and intervention behavior in the Exchange Rate Mechanism I (ERM I), in particular in light of the recent literature on multilateral target zone models. We estimate bilateral exchange rate distributions of the maximum spot rate deviations...

The envisaged EU enlargements will lead to a redirection of Structural and Cohesion Funds expenditures from current to new EU members. This redistribution of funds makes the accession countries even more attractive as a location of FDI. Using a logistic regressions approach, this paper shows...

There are marked differences in health conditions of the Austrian population by socioeconomic status, gender, age, education, occupation and income as well as by nationality. The low educational attainment of migrants, their concentration in particular occupations and industries and their...

Economic performance in developed economies diverged in the nineties, with some countries enjoying high growth in output and accelerating growth in productivity. Ireland excelled in many respects and some Nordic European countries recovered from a serious crisis and successfully regained strong...

There are considerable differences in the incidence of sickness, the pattern of diseases and the duration of episodes of sickness by age, gender, education and employment status. Employed have a significantly better health record than the unemployed. The question why this should be so is...

This paper analyses the co-operation activities of small Austrian firms with the CEEC and compares them to those of larger firms. Small firms are less likely to engage in cross-border co-operation than larger firms, more likely to co-operate in ownership based forms of co-operation but less...

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...