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    <title>EconStor Collection:</title>
    <link>https://hdl.handle.net/10419/125615</link>
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        <rdf:li rdf:resource="https://hdl.handle.net/10419/169313" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/125647" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/125650" />
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    <dc:date>2026-05-01T18:31:12Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/169313">
    <title>Making ambitious green goals compatible with economic dynamics by a strategic approach</title>
    <link>https://hdl.handle.net/10419/169313</link>
    <description>Title: Making ambitious green goals compatible with economic dynamics by a strategic approach
Authors: Aiginger, Karl
Abstract: Europe needs change. The financial crisis has exposed long-neglected deficiencies in the present growth path, most visibly in the areas of unemployment and public debt. At the same time, Europe has to cope with new challenges, ranging from globalisation and demographic shifts to new technologies and ecological challenges. Under the title of Welfare, Wealth and Work for Europe - WWWforEurope - a European research consortium is laying the analytical foundation for a new development strategy that will enable a socio-ecological transition to high levels of employment, social inclusion, gender equity and environmental sustainability. The four-year research project within the 7th Framework Programme funded by the European Commission was launched in April 2012. The consortium brings together researchers from 34 scientific institutions in 12 European countries and is coordinated by the Austrian Institute of Economic Research (WIFO). The project coordinator is Karl Aiginger, director of WIFO.</description>
    <dc:date>2016-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/125647">
    <title>On transformations in financing structure in an affluent society</title>
    <link>https://hdl.handle.net/10419/125647</link>
    <description>Title: On transformations in financing structure in an affluent society
Authors: Tichy, Gunther
Abstract: The savings measures of private households currently exceed the limited financing needs of companies around the world, and the difference is reflected in an increase in sovereign debt. In the EU, over the last two and a half decades non-financial corporations recorded funding surpluses in one out of three years, and in the more affluent EU countries (EU 15) this was even recorded every second year. There is much to indicate that this is not just a result of the financial crisis, but is also globally founded in the Southeast Asian economic model, while in Europe this is a symptom of the affluence of society, as financial security takes on greater significance and slower growth requires fewer investments. Economic policy should therefore be prepared for the current situation to persist; without counter-measures there would have to be a recessive adjustment of savings capacity to the debt preparedness of the economy and state. In these countries, worldwide distortions primarily based in Southeast Asian, exportbased economic policy can only be counter-balanced with a stronger domestic-market-oriented policy and significant appreciation (the task of the dollar peg). Such initiatives exist, but given the scale of the problem, a long transitional phase is to be expected. In the EU, a broad and well-balanced package of measures is required. It would have to dampen austerity through confidence building, in addition to improving corporate finance and reviving severely limited investments in the public sector. Furthermore, particularly in those countries in which the financing and use of sovereign debt do not present a problem, there should be a re-introduction of the previously typical division into a surplus-achieving budget for current expenditures and a budget for investments. This would enable the debt-backed financing of primarily immaterial investments within certain limits.</description>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/125650">
    <title>How strong is the correlation between unemployment and growth really? The persistence of Okun's Law and how to weaken it</title>
    <link>https://hdl.handle.net/10419/125650</link>
    <description>Title: How strong is the correlation between unemployment and growth really? The persistence of Okun's Law and how to weaken it
Authors: Marth, Stefan
Abstract: We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition, the implicit logic of Okun's Law is expressed and stressed, and literature is reviewed from this point of view as well. Furthermore, the main implicit component of Okun's Law - productivity - is taken into account when discussing its breakdown in the WWWForEurope context. After applying the "Difference method", we derive the conclusion that the Okun coefficients and intercepts vary substantially between countries.</description>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/125648">
    <title>Selection, trade, and employment: The strategic use of subsidies</title>
    <link>https://hdl.handle.net/10419/125648</link>
    <description>Title: Selection, trade, and employment: The strategic use of subsidies
Authors: Molana, Hassan; Montagna, Catia
Abstract: We study how the interaction between economic openness and competitive selection affects the effectiveness of employment (and entry) subsidisation. Within a twocountry heterogeneous-firms model with endogenous labour supply, we find that optimal employment subsidies are always positive even though they can have pro- or anti-competitive effects on industry selection depending on whether the economy is open or not. We also find that selection effects resulting from international competition and fiscal externalities may imply that non-cooperative policies entail under-subsidisation of employment. Whilst always having procompetitive selection effects on the industry, entry subsidies are shown to be less effective in raising employment and welfare than employment subsidies.</description>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
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