Potential Growth in Austria: Estimation and Discussion of Supply-Side Growth Opportunities
Potential growth describes the supply-side opportunities for economic growth, assuming a normal use of production factors available on a medium-term basis, i.e., capital, labour and technology. Despite frequent references to this concept in economic policy, there exists no standard method of estimating potential growth. High unemployment rates as well as training and early-retirement measures suggest that labour is under-utilised and this may be taken as indicator of possible margins for growth. Depending on the assessment of the employability of both registered and hidden unemployed, potential growth in 2006 is estimated to be between 2.5 to 2.9 percent.
Volume (Year): 79 (2006)
Issue (Month): 12 (December)
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
|Order Information:|| Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gunther Tichy, 2006. "Demografie-Prognoseschwäche, Arbeitsmarkt und Pensionsfinanzierung," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 32(2), pages 149-165.
- Pete Richardson & Laurence Boone & Claude Giorno & Mara Meacci & David Rae & David Turner, 2000. "The Concept, Policy Use and Measurement of Structural Unemployment: Estimating a Time Varying NAIRU Across 21 OECD Countries," OECD Economics Department Working Papers 250, OECD Publishing.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy,
University of Chicago Press, vol. 98(5), pages 71-102, October.
- Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
- Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
- Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76, pages 678-678. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2006:i:12:p:881-891. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.