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Government stability and structural policies: Is Austria a model for Germany?

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  • Helmut Firsch

Abstract

Since the mid-1990s, Germany has grown more slowly than the average of the European countries. From 1995 to 2004 German gross domestic product increased by 13%, British GDP by 22%, French GDP by 20% und Austrian GDP by 22%. Helmut Frisch, Technical University of Vienna and Committee on Government Debt, analyses several factors that may have caused the weak growth performance of Germany, looking in particular at German and Austrian developments, emphasising the role of economic policy in both countries. In particular, he is concerned with the problem of high unemployment and the rapid increase in the public debt. In both areas, he arrives at the conclusion that Austrian policy may truly be considered a model for Germany.

Suggested Citation

  • Helmut Firsch, 2006. "Government stability and structural policies: Is Austria a model for Germany?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(03), pages 19-27, February.
    • Handle: RePEc:ces:ifosdt:v:59:y:2006:i:03:p:19-27
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    More about this item

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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