Titlebook: Economic Performance; A Look at Austria an Bernhard Böhm,Lionello F. Punzo Conference proceedings 1994 Springer-Verlag Berlin Heidelberg 19

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Endogeneous Technical Progress in a Macroeconomic Model. A Comparison between Italy and Austria advance of technical knowledge, then deviations of major economic variables from their trajectories in a reference scenario are computed. Again, results are interpreted and the case of Italy is compared to Austria. In the final chapter the validity of the findings is discussed and some possible extensions are mentioned.

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Conference proceedings 1994 observed historical facts starting from a macroeconomic level down to disaggregated structural issues. The performance as well as prospects of economic policy concerning the monetary sector, the balance of payments, the industrial sectors, and the labour markets are reviewed. Specific problem areas

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Introductionly and Austria. This comparison reflects on a variety of structural aspects, broadly defined, as they surfaced in a host of dynamic processes that took place in a period of dramatic changes in the overall economic environments. The contributions by Austrian as well as Italian researchers intend to a

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European Perspectives for Austria and Italyepend on the different size of their economies but are also rooted in the political and economic developments in the past. Nevertheless, if Austria will become a member of the European Union (EU) the challenges will gradually converge. Whereas Austria’s political system has shown considerable stabil

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Dynamics of Industrial Sectors and Structural Change in the Austrian and Italian Economies, 1970–198tries (and elsewhere) and more are anticipated. Such changes involve economic and institutional-political levels, and raise the question as to how to monitor them in the future in order to control processes towards desired policy targets (e.g. cohesion in the European unification is one of the major

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Endogeneous Technical Progress in a Macroeconomic Model. A Comparison between Italy and Austriahly aggregated macro-economic model is used, which has been successfully applied for similar policy questions in the FRG (see Frühstück, Hanappi, Wagner (1990)). The model will be introduced briefly in chapter 1. Some analytical features of this formulation will also be mentioned. Chapter 2 reports