Models

Economic and Econometric Models

In recent years considerable effort has been devoted to improving the methodological quality of the applied research of the institute in the field of economics. To this end resources have been invested in the development and extension of economic and econometric models. The following models and tools are currently available and are used regularly for projects of the institute in the field of economics:

ITABENA

analyses the impact of changes in the tax and transfer system on the income distribution of households in Austria

ILSA

analyses the impact of policy reforms on labour supply

IREA

analyses the impact of policy reforms on retirement behaviour

TAXLAB

analyses the macroeconomic effects of policy reforms related to the labour market and the tax system on the economy of Austria or alternatively of 13 other EU member states

Multiregional Input-Output-Model

describes the impact of political measures, individual investment projects, whole industries, or individual institutions on regional and national added value and employment; This model covers Austria and five further EU countries

EAR

quantifies the impact of improvements in the quality of the transport infrastructure on regional added value and employment

MERCI

focuses on the electrical system and environment

LEMMA

concentrates on the labour market, featuring a disaggregated household sector according to skill leveles

LIMA

is a structural macroeconometric model which is in particular used to generate he regular economic forecasts for Austria

Structural Macroeconomic Models

A structural macroeconometric model for some successor states of the former Yugoslavia (Slovenia, Serbia, Croatia, Bosnia and Herzegovina)

A structural macroeconometric model for Carinthia which is used to generate regular economic forecasts for the Austria province of Carinthia