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  1. OECD Economic Surveys: Austria
  2. Volume 2005
  3. Issue 008
  4. OECD Economic Surveys: Austria 2005
  5. Chapters
  6. Economic Issues and Policy Challenges
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Volume 2005
Issue 008
OECD Economic Surveys: Austria 2005
Chapters
Assessment and Recommendations
Economic Issues and Policy Challenges
Fiscal Policy Issues
Reforming Federal Fiscal Relations
Fostering Productivity Growth and Innovation
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Economic Issues and Policy Challenges

Content Provider OECD iLibrary
Organization OECD
Abstract The Austrian economy was able to take advantage of various positive external developments, notably eastern enlargement of the European Union. Export competitiveness was strengthened, however mainly in areas with a traditional comparative advantage. While the labour market functions well overall, tensions become visible through high seasonal unemployment, high youth unemployment by historical standards and a growing, although still small incidence of long-term unemployment. Government debt is still relatively high and fiscal consolidation relies to some extent on one-off measures. Productivity growth is too much dependent on capital deepening and obstacles to labour force participation hold down trend growth. The key challenges for the Austrian economy to maintain its good economic performance include making the government sector more efficient, reforming federal fiscal relations, boosting productivity growth and removing obstacles to higher labour force participation.
Page Count 24
Starting Page 23
Ending Page 39
Language English
Publisher OECD Publishing
Publisher Date 2005-07-22
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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