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AUSTRIA 2020: The impact of medium-term global trends on the Austrian economy

Author

Listed:
  • Edward Christie

    (wiiw)

  • Joseph Francois

    (wiiw)

  • Mario Holzner

    (wiiw)

  • Sebastian Leitner

    (wiiw)

  • Olga Pindyuk

    (wiiw)

Abstract

This study quantifies possible impacts of medium-term structural changes in the global economy on the Austrian economy. Emphasis is placed on the effects of continued medium term growth in emerging markets, especially in Asia and Latin America, on the structure of the Austrian economy. The issues here include the identification of price effects (due to increased demand for raw materials) that can be expected, as well as how these may impact the commodity composition of both exports and imports. Underlying global trends also involve both investment patterns and total factor productivity trends at a more regional level, also impacting on the Austrian economy. Finally, these structural changes at the global level also lead to changes in household incomes and the cost of living in Austria, impacting on patterns of inequality in Austria at the household level.

Suggested Citation

  • Edward Christie & Joseph Francois & Mario Holzner & Sebastian Leitner & Olga Pindyuk, 2010. "AUSTRIA 2020: The impact of medium-term global trends on the Austrian economy," FIW Research Reports series II-004, FIW.
  • Handle: RePEc:wsr:ecbook:2010:i:ii-004
    as

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    More about this item

    Keywords

    CGE models; GTAP applications; household inequality;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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