Austria Austria: Selected Issues

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 a...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Austria  |b Austria: Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2017 
300 |a 36 pages 
651 4 |a Austria 
653 |a Banks and banking 
653 |a Money and Monetary Policy 
653 |a Banks and Banking 
653 |a Bank credit 
653 |a Depository Institutions 
653 |a Expenditure 
653 |a Capacity 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Macroeconomics 
653 |a Mortgages 
653 |a Economic theory 
653 |a Industries: Financial Services 
653 |a Production 
653 |a Production and Operations Management 
653 |a Monetary economics 
653 |a Total factor productivity 
653 |a Macroeconomics: Production 
653 |a Micro Finance Institutions 
653 |a Taxation 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Potential output 
653 |a Public investments 
653 |a Credit 
653 |a Other Public Investment and Capital Stock 
653 |a Public finance & taxation 
653 |a Public Finance 
653 |a Income tax 
653 |a National Government Expenditures and Related Policies: Infrastructures 
653 |a Cost 
653 |a Public investment spending 
653 |a Banking 
653 |a Industrial productivity 
653 |a Economic & financial crises & disasters 
653 |a Finance 
653 |a Banks 
653 |a Capital and Total Factor Productivity 
653 |a Money 
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520 |a 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