Medium-term Economic Forecast for Austria 2017 – 2021

Austrian Economy on growth path

Following a period of sluggish growth, in 2016 the Austrian Economy returned to a solid growth path. For the years 2017 to 2021 an average growth rate of 1.7 % p.a. is expected, after 0.8 % p.a. in the previous five years. Growth is then in line with the euro area average. Domestic demand is expected to accelerate. Supported by the expansion of world trade, also export demand will gain momentum. Inflation is projected to increase at an annual average rate of 2 %. In line with the pick-up of the economy the labour market situation should improve. Employment creation is expected to stay high and unemployment will fall moderately. However, with 8 per cent in 2021 the unemployment rate will still be very high. The fiscal deficit will fall considerably, however, mainly due to strong growth and low interest rates. Therefore, further reforms in the public sector are necessary to strengthen the growth potential of the Austrian economy.
Press information of July 19, 2017 (pdf - in German only)
Economic Forecast

19 Jul 2017

Call for Papers: Workshop on Labour-Market Economics 2017

This year’s ‘Workshop on Labour-Market Economics’, jointly organized by the Institute for Advanced Studies (IHS), WU Vienna, JKU Linz, and AK Vienna, will take place at the IHS.
The goal of this workshop is to foster an open and friendly discussion, therefore working papers, manuscripts and even controversial work is welcome.
Authors are invited to submit both abstracts as well as finished papers.
Please submit your paper via e-mail to
Deadline for submissions: September 11, 2017
Selection of contributions will be done by the organizers in October 2017.
Further Information (in German)

22 Jun 2017

Additional report Student Social Survey: Study progress and Satisfaction

51% of university bachelor beginners (begin cohort winter term 2008/09) have graduated within seven years. 19% are still in education and 30% have dropped out of all university studies. At universities of applied sciences ('Fachhochschulen') and at university colleges of teacher education ('Pädagogische Hochschulen') there is a higher success rate (75%), though there are big differences between sociodemographic groups and between fields of studies. Comprehensive analysis of study progress, as well as analysis of reasons for time loss and satisfaction can be found in the report.
Report in the IHS Repository (full length, in German only)
Project website

18 Jul 2017

Forecast of the Austrian Economy 2017 – 2018

Strong growth in Austria

Supported by the buoyant expansion of the world economy, economic growth in Austria is accelerating strongly. Gross domestic product in Austria is projected to increase by 2.2 % in 2017 and by 1.7 % in 2018. Exports should grow markedly and domestic demand remains robust. The inflation rate should reach 2 % in each of the two years and registered unemployment is expected to decline for the first time in six years.
Press information of June 29, 2017 (pdf - long version in German only)
Press information (pdf - short version in English)
Economic Forecast

29 Jun 2017

New Publication: Good Green Jobs for whom?

Bookcover Routledge Handbook of Gender and Environment

Beate Littig wrote a book contribution about 'Good Green Jobs for whom? A feminist critique of the green economy' published in the ‘Routledge Handbook of Gender and Environment’. This compendium gathers together state-of-the-art theoretical reflections and empirical research from leading researchers and practitioners working in this transdisciplinary and transnational academic field.
Publication in the IHS Repository
Beate Littig
Handbook on Editor's website

26 Jun 2017

New research report: STEM at public universities, universities of applied sciences and the labour market. A baseline study

There is an ongoing discussion regarding a shortage of graduates in the so-called STEM fields (Science, Technology, Engineering and Mathematics). This baseline study of the Higher Education Research Group (HER) commissioned by the BMWFW provides an information base against which to assess the supply of graduates in STEM-related subjects and their labour market status.
Further Information (in German)

20 Jun 2017

IHS-Study: Economic Effects of relocation of EMA and EBA on Austria

A recent survey, published by the research group 'Companies, Industries and Regions' at the IHS shows that the relocation of the European Medicines Agency (EMA)  to Vienna is expected to increase the Austrian GDP by one billion Euros over a five-year period. The relocation of the European Banking Authority (EBA) is estimated to generate 200 million Euros. Furthermore, the relocation could secure 2600 jobs in the long run.
RG Companies, Industries and Regions
Study in the IHS Repository (available in German)

02 Aug 2017

Current Job Opening at the IHS

Icon now hiring

2 Economists

The recently established Competence Center 'Insight Austria' is looking for two economists in the field of behavioral economics.
For more details please find the job ad here (pdf).

31 Jul 2017

New Publication: Health System Watch I and II 2017

The research group 'Health Economics and Health Policy' recently published two issues of the Health System Watch: first issue about 'Social inequality and health' published by Monika Riedel, Gerald Röhrling and Bettina Gehrer, second issue about 'multi-morbidity and models for integrated care' published by Thomas Czypionka, Markus Kraus, Michael Berger and Sophie Fößleitner.
Health System Watch I 2017
Health System Watch II 2017

21 Jul 2017

New Working Paper in the IHS Political Science Series

New Working Paper by IHS Guest Professor Mark E. Warren from the University of British Columbia: 'The All Affected Interests Principle in Democratic Theory and Practice'.
Working Paper in the IHS Repository

18 Jul 2017

IHS member of the Austrian RRI-platform

Responsible Science, in the EU context also known as 'Responsible Research and Innovation' (RRI), actively involves the civil society in research and innovation processes so that current challenges can be met in a more effective way and in line with the values, expectations and requirements of society.
Website Responsible Research Austria

19 Jul 2017

New Publication about SELFIE Framework for Integrated Care for Multi-Morbidity

First results of the SELFIE research project were published by Thomas Czypionka, Markus Kraus and Miriam Reiss et al. in a special issue of Eurohealth 'Measuring efficiency in health care' and in the academic journal Health Policy.
Eurohealth: The SELFIE Framework for Integrated Care for Multi-Morbidity
Health Policy: The SELFIE framework for integrated care for multi-morbidity: development and description
SELFIE project website

18 Jul 2017

Graduation Ceremony MSc in Economics 2015-17

Graduation MSc in Economics 2015-17

On July 4, 2017, the last cohort of the MSc in Economics program, jointly organized by the IHS and the TU Wien, celebrated the successful completion of their studies. Bob Martens, Manfred Deistler, both TU Wien, Martin Kocher as well as Christian Haefke as commencement speaker congratulated them on their academic success.
MSc Graduates News (pdf)
Photos of the Graduation Ceremony

04 Jul 2017

Situation of doctoral students in Austria

Unlike in many other countries, most doctoral students in Austria study on their own account: Only 5% receive a grant, 30% pursue their degree as a part of an employment – the remaining two thirds of all doctoral students complete a degree which has neither a link to university research or their employment, nor is it financed by any kind of  grant. These differences determine the diverging social conditions of doctoral student life and are being discussed in the recently released research report based on data from the Student Social Survey 2015.
Research report in the IHS Repository (in full length, in German only)
Research report on the project website

26 Jun 2017

Horizon 2020 Project to integrate Responsible Research and Innovation (RRI) in European research funding

How can we integrate the concept of Responsible Research and Innovation (RRI) in European research funding? The project NewHorRRIzon, that is funded for four years with 6.8 Mio Euro, approaches this important question. In 18 “social labs” across Europe researchers and other stakeholders are exploring innovative solutions to tackle this vital challenge for research and innovation. The project is coordinated by Erich Griessler.
Press release June 13, 2017 (in German)
Project details
RG Techno Science and Societal Transformation
Erich Griessler

14 Jun 2017

The next presentation of the economic forecast of the Austrian economy will take place on September 29, 2017 at WIFO.
Christoph Badelt, WIFO and Martin Kocher, IHS will answer questions of the journalists.
Economic forecast

  • 13
  • Oct
  • 2017

Organizers: Gabriel Lee (Regensburg and IHS), David Andolfatto (FRB St. Louis and SFU) and Martin...

09:00 - 19:00, IHS, Lecture Room E02

  • 14
  • Oct
  • 2017

Organizers: Gabriel Lee (Regensburg and IHS), David Andolfatto (FRB St. Louis and SFU) and Martin...

09:00 - 19:00, IHS, Lecture Room E02


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