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Italy and Austria – A Macroeconomic Comparison


  • Fritz Breuss



Due to their dissimilar position in the European integration process (affiliation to EC versus EFTA) the external framework of the Italian and the Austrian economy is different. Besides, domestic conditions (stronger regional disparities in Italy) and diverging policy approaches (social conflict versus consensus strategies) also explain discrepancies in aggregate economic performance. Trend growth of GDP is higher in Italy than in Austria, but inflation, unemployment, and public indebtedness are markedly more severe.

Suggested Citation

  • Fritz Breuss, 1991. "Italy and Austria – A Macroeconomic Comparison," WIFO Monatsberichte (monthly reports), WIFO, vol. 64(7), pages 432-445, July.
  • Handle: RePEc:wfo:monber:y:1991:i:7:p:432-445

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    References listed on IDEAS

    1. Miles S. Kimball & John G. Fernald & Susanto Basu, 2006. "Are Technology Improvements Contractionary?," American Economic Review, American Economic Association, vol. 96(5), pages 1418-1448, December.
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    4. repec:taf:irapec:v:32:y:2018:i:2:p:237-258 is not listed on IDEAS
    5. Gustavo Adler & Romain A Duval & Davide Furceri & Sinem Kılıç Çelik & Ksenia Koloskova & Marcos Poplawski-Ribeiro, 2017. "Gone with the Headwinds; Global Productivity," IMF Staff Discussion Notes 17/04, International Monetary Fund.
    6. Laurence Ball & Daniel Leigh & Prakash Loungani, 2017. "Okun's Law: Fit at 50?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1413-1441, October.
    7. John S. L. McCombie & Marta R. M. Spreafico, 2016. "Kaldor’s ‘technical progress function’ and Verdoorn’s law revisited," Cambridge Journal of Economics, Oxford University Press, vol. 40(4), pages 1117-1136.
    8. Laurence M. Ball & Daniel Leigh & Prakash Loungani, 2013. "Okun's Law: Fit at Fifty?," NBER Working Papers 18668, National Bureau of Economic Research, Inc.
    9. Millemaci, Emanuele & Ofria, Ferdinando, 2016. "Supply and demand-side determinants of productivity growth in Italian regions," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 138-146.
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