Weyerstrass, Klaus (2015) Austria’s economy weathered the crisis well, but now risks falling behind. LSE European Politics and Policy (EUROPP) Blog (06 Jan 2015). Website.
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Abstract
Austria was one of the few countries in the Eurozone to emerge relatively unscathed from the financial crisis. As part of our on-going series on the economies of Europe, Klaus Weyerstrass assesses how the country’s economy has developed since. He writes that while Austria still ranks highly on GDP per capita (PPP), it has lost ground to comparable countries such as Switzerland and Germany in recent years. He argues that the key to maintaining its current economic position will be to increase spending on research and development, not least to compensate for the negative effect of a shrinking working-age population on economic growth.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2015 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 30 Mar 2017 08:34 |
| Last Modified: | 11 Dec 2024 14:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/71568 |
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