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Potential Growth in Austria: Estimation and Discussion of Supply-Side Growth Opportunities


  • Sandra Steindl



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.

Suggested Citation

  • Sandra Steindl, 2006. "Potential Growth in Austria: Estimation and Discussion of Supply-Side Growth Opportunities," WIFO Monatsberichte (monthly reports), WIFO, vol. 79(12), pages 881-891, December.
  • Handle: RePEc:wfo:monber:y:2006:i:12:p:881-891

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    References listed on IDEAS

    1. 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.
    2. Edmund S. Phelps, 1968. "Money-Wage Dynamics and Labor-Market Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 76, pages 678-678.
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