Cover IMF Staff Country Reports
Austria: Austria: Selected Issues
Author: International Monetary Fund. European Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 027
Language:
English
Publication Date:
02 Feb 2017
DOI:
https://doi.org/10.5089/9781475573176.002
ISBN:
9781475573176
ISSN:
1934-7685
Pages:
36
Keywords:
ISCR; CR; Austria; bank; economic activity; credit growth; TFP growth; return on equity; banking system; OECD indicator; bank equity price index; output effect; Credit; Public investment spending; Total factor productivity; Bank credit; Potential output; Europe; Global
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This Selected Issues paper discusses structural and fiscal reforms in Austria that could increase potential output. Structural measures focused on further liberalization of professional services, and lowering of the barriers to trade and investment to increase potential output. Although Austria is among the countries with least restrictive business environment, there is a room for further improvement. The policy recommendations focus mostly on startups, professional services (legal, accounting, architecture, and engineering professions), competition in network industries, and barriers to foreign direct investment, resulting in an estimated impact of roughly 1.5 percent of GDP in the medium term.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund