On the sources of the high growth experience in Austria

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Abstract

This paper attempts to investigate and empirically verify several explanations for the growth performance in Austria. Total factor productivity data for Austria are presented for the first time, adopting a growth regression method. We find that the real appreciations, supported by structural change, gross investment, union density, a low duration of unemployment, and high youth employment, exhibit a significant influence on economic growth. This validates the new capital vintage hypothesis, the hard currency policy hypothesis, the structural change hypothesis, and both the macro-and microinstitutions hypotheses, while all others fail according to this exercise. (JEL 047).

Lingua originaleInglese
pagine (da-a)210-220
Numero di pagine11
RivistaInternational Advances in Economic Research
Volume6
Numero di pubblicazione2
DOI
Stato di pubblicazionePubblicato - mag 2000
Pubblicato esternamente

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