OECD Economic Surveys: Austria

Frequency :
Every 18 months
ISSN :
1999-0189 (online)
ISSN :
1995-3127 (print)
DOI :
10.1787/19990189
Hide / Show Abstract

OECD’s periodic surveys of the Austrian economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

Also available in: French, German
 
OECD Economic Surveys: Austria 2011

OECD Economic Surveys: Austria 2011 You do not have access to this content

Click to Access: 
Author(s):
OECD
Publication Date :
11 July 2011
Pages :
128
ISBN :
9789264093447 (PDF) ; 9789264093430 (print)
DOI :
10.1787/eco_surveys-aut-2011-en

Hide / Show Abstract

The 2011 edition of OECD's periodic review of the Austrian economy.  This edition includes chapters covering public sector inefficiencies and reforming the health care system.

Expand / Collapse Hide / Show all Abstracts Table of Contents

  • Mark Click to Access
  • Click to Access:  Basic statistics of austria (2010)
  • Click to Access:  Executive summary
    The Austrian economy has weathered the crisis well on the back of an export-led recovery. The authorities should seize the opportunity to strengthen reforms and maintain high growth, which in the past has been considerably boosted by European integration effects which are likely to fade out in the future. In this context recommendations from earlier OECD Economic Surveys remain relevant...
  • Click to Access:  Assessment and recommendations
    The Austrian economy continues to impress with very good economic performance while maintaining a high degree of social cohesion. This strength rests on three pillars...
  • Click to Access:  Public sector inefficiencies have become less affordable
    Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing related spending increases. Given favourable macroeconomic conditions, the pace of consolidation could be more ambitious than currently planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro-cyclical in upturns, mainly because spending was not adequately kept in check. Stronger fiscal rules and a reform of inter-governmental fiscal relations could help contain expenditure dynamics. Efficiency-raising reforms in key spending areas such as pensions and other social expenditures, health, and education are also highly needed to reduce spending and ensure the provision of high-quality public services at lower cost. In this regard, Austria should make full use of the performance budgeting framework it plans to introduce from 2013. Higher potential growth could also take off some of the pressure on public finances. There remains significant room to rebalance the tax structure towards less distortive sources of revenue, thus supporting employment and growth.
  • Click to Access:  Reforming a highly regarded but costly health system
    The highly regarded Austrian health system delivers good quality and easily accessible services, but is costly. Its governance and funding structure is highly fragmented and it makes too much use of inpatient care in hospitals. Entry and competition opportunities are de facto limited in most health markets. The system operates therefore on a supply-driven basis, and does not have clear mechanisms to optimize spending on a cost-benefit basis. Population lifestyles are also not supportive of good health outcomes and suffer important differences between social groups, raising risks for the future. This Chapter reviews Austrian authorities’ responses to these challenges, and makes recommendations based on OECD countries’ experiences. The suggested priorities are: i) more clearly assigning the performance, financing and spending responsibilities in the system, ii) enforcing a national capacity plan for publicly-funded inpatient and outpatient care, iii) introducing performance-based payment mechanisms in all services, iv) promoting the transition to "integrated care" by better balancing preventive, outpatient, inpatient, rehabilitation and long-term care, and v) better clarifying the medium-term fiscal outlook and scenarios of the system.
  • Add to Marked List