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Structural Adjustment, Productivity and Capital Accumulation in Austria

  • Stefan Schleicher

Summary

The declining trend of GDP growth, accompanied by a similar tendency in labor productivity and increasing evidence of structural deficiencies in the sectoral composition of GDP, has become a matter of increasing concern for economic policy in Austria. We present empirical evidence and some causal interpretations about structural adjustment, changes in productivity and capital accumulation that have occurred over the past 20 years in the Austrian economy. Extending previous work on Austrian labor productivity (Bayer, 1983; Mitter and Skolka, 1984), we apply a growth accounting framework (Bally, 1981; Nadiri, 1980) to obtain empirical evidence about sectoral changes in productivity.

Keywords

Productivity Growth Total Factor Productivity Austrian Economy Structural Adjustment Total Factor Productivity Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Stefan Schleicher

There are no affiliations available

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