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Monthly Report No. 9/2018

Author

Listed:
  • Vasily Astrov

    (The Vienna Institute for International Economic Studies, wiiw)

  • Mahdi Ghodsi

    (The Vienna Institute for International Economic Studies, wiiw)

  • Julia Grübler
  • Doris Hanzl-Weiss

    (The Vienna Institute for International Economic Studies, wiiw)

  • Armon Rezai
  • Roman Römisch

    (The Vienna Institute for International Economic Studies, wiiw)

Abstract
Graph of the month Average gross monthly wages in Central and East European countries, at purchasing power parity, Austria = 100 Opinion corner How can wages in Central and Eastern Europe be sustainably increased and the pressure to emigrate dampened? by Vasily Astrov and Armon Rezai Estimating the effects of commuting on regional GDP in Austria by Roman Römisch The article asks whether regional GDP is a good measure of the level of economic and social development of a region. It adjusts traditional GDP by commuting, estimating the in- and outflow of wages in the Austrian regions. It finds that commuting-adjusted GDP in Vienna is lower, while in Lower Austria and especially Burgenland it is much higher than official GDP. This should lead to a rethinking of the regions’ social position, potentially including a redistribution of EU Structural Funds. Austria’s investment in its Eastern neighbourhood by Julia Grübler Being a small economy in the heart of Europe, Austria’s significance as a foreign investor in Central, East and Southeast Europe (CESEE) is often overlooked. For all fifteen countries under consideration, Austria ranks among the top 10 investors, dwarfing global players such as the United States or China. Likewise, investments in immediate neighbouring countries feature prominently in Austria’s outward FDI stocks and appear overproportionately profitable. Main Austrian export destinations the role of CESEE re-examined by Mahdi Ghodsi and Doris Hanzl-Weiss For Austria, the CESEE region is an important export destination, expanding over time and accounting for 21% of Austria’s exports in 2015. Nevertheless, while losing market shares, Germany remains the largest Austrian partner, with 30% of Austrian exports heading there. Statistical Annex Monthly and quarterly statistics for Central, East and Southeast Europe

Suggested Citation

  • Vasily Astrov & Mahdi Ghodsi & Julia Grübler & Doris Hanzl-Weiss & Armon Rezai & Roman Römisch, 2018. "Monthly Report No. 9/2018," wiiw Monthly Reports 2018-09, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:mpaper:mr:2018-09
    as

    Download full text from publisher

    File URL: https://wiiw.ac.at/monthly-report-no-9-2018-dlp-4615.pdf
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    References listed on IDEAS

    as
    1. Mario Holzner, 2015. "Aufwind im Westen Mittel-, Ost- und Südosteuropas: Wichtige Wachstumsimpulse für Österreich," wiiw Research Reports in German language 1, The Vienna Institute for International Economic Studies, wiiw.
    2. repec:wsr:ecbook:2015:i:vi-002 is not listed on IDEAS
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    Cited by:

    1. Mahdi Ghodsi & Julia Grübler & Doris Hanzl-Weiss & Roman Römisch, 2017. "Monthly Report No. 10/2017," wiiw Monthly Reports 2017-10, The Vienna Institute for International Economic Studies, wiiw.
    2. Allen, Jaime & Muñoz, Juan Carlos & Ortúzar, Juan de Dios, 2019. "On evasion behaviour in public transport: Dissatisfaction or contagion?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 626-651.
    3. Gurău, Călin & Dana, Leo-Paul, 2020. "Financing paths, firms’ governance and corporate entrepreneurship: Accessing and applying operant and operand resources in biotechnology firms," Technological Forecasting and Social Change, Elsevier, vol. 153(C).

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