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The Working-Day Effect in the Austrian Economy

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  • Marcus Scheiblecker

Abstract

As 2004 is a leap year and some holidays are situated at weekends, it possesses three working days more than 2003. An analysis based on a seasonal time series model estimates an increase in production by 0.1 percent for the whole year. The working-day effect is analysed for total GDP as well as by branch and turns out to be substantially lower than comparable estimates for Germany.

Suggested Citation

  • Marcus Scheiblecker, 2004. "The Working-Day Effect in the Austrian Economy," Austrian Economic Quarterly, WIFO, vol. 9(1), pages 14-23, February.
    • Handle: RePEc:wfo:wquart:y:2004:i:1:p:14-23
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    References listed on IDEAS

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    1. Matas-Mir, Antonio & Osborn, Denise R., 2004. "Does seasonality change over the business cycle? An investigation using monthly industrial production series," European Economic Review, Elsevier, vol. 48(6), pages 1309-1332, December.
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    5. Marcus Scheiblecker, 2002. "Konjunkturzyklen der österreichischen Wirtschaft," WIFO Monatsberichte (monthly reports), WIFO, vol. 75(7), pages 437-446, July.
    6. Roger Vergin & John McGinnis, 1999. "Revisiting the Holiday Effect: is it on holiday?," Applied Financial Economics, Taylor & Francis Journals, vol. 9(5), pages 477-482.
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