Macro- and microeconomic determinants, interdependencies, and effect of the insolvency- and insolvency contingency scene in Austria

Bibliographische Detailangaben
Link(s) zu Dokument(en):E-Medien Publikation
1. Verfasser: Fuchsbichler, Richard (VerfasserIn)
Format: Monograph
Veröffentlicht: Verlag des ÖGB GmbH 2022
Schlagworte:
Varia
Inhaltsangabe:
  • List of figures
  • List of tables
  • 1. Introduction
  • 2. ?The Austrian Insolvency Contingency Fund and Insolvency Contingency Fund Service Company
  • 2.1. Financing system
  • 2.2. ?Tasks of the Insolvency Contingency Fund Service Company
  • 2.2.1. Securing of charges
  • 2.2.2. Combating social abuse
  • 2.2.3. Debt collection
  • 2.2.4. Training and employment of young people
  • 3. ?Macro- and microeconomic determinants of the insolvency (contingency) scene in Austria
  • 3.1. Research focus and objective
  • 3.2. ?Descriptive and explorative analysis of the ­macroeconomic insolvency development
  • 3.2.1. Opened and rejected insolvency proceedings
  • 3.2.2. ?Insolvencies by federal provinces and by sectors and ­branches
  • 3.2.3. Insolvency liabilities ratio
  • 3.2.4. Employees affected by corporate insolvency
  • 3.2.5. Insolvency ratio
  • 3.3. ?Descriptive and explorative analysis of the ­insolvency contingency development
  • 3.3.1. Insolvency contingency cases
  • 3.3.2. Excursus: The influence of major Insolvencies
  • 3.3.3. Insolvency contingency payments
  • 3.4. Methodological approach and data
  • 3.4.1. Data sources and data series
  • 3.4.2. Time series analytical methodological approach
  • 3.5. Results and main findings
  • 3.5.1. Preliminary analysis
  • 3.5.1.1. Regional insolvency ratios
  • 3.5.1.2. Default rates
  • 3.5.2. Results of the time series correlation
  • 3.5.2.1. Insolvency development and economic dynamics
  • 3.5.2.1.1. Total, opened and rejected insolvencies
  • 3.5.2.1.2. Insolvency development and economic growth
  • 3.5.2.1.3. Insolvency development and employment
  • 3.5.2.2. ?Insolvency contingency development and macroeconomic ­parameters
  • 3.5.2.2.1. Link between insolvencies and the Insolvent Contingency Fund
  • 3.5.2.2.2. Insolvency contingency system and economic dynamics
  • 3.5.2.2.3. Insolvency contingency cases and payments
  • 3.5.2.2.4. Insolvency contingency system and insolvency development
  • 3.5.2.2.5. Insolvency contingency system and economic growth
  • 3.5.2.2.6. Insolvency contingency system and employment
  • 3.5.2.2.7. Insolvency contingency revenues and employment
  • 3.5.2.2.8. ?Excursus: Insolvency contingency fund revenues and ­unemployment insurance revenues
  • 3.5.3. Theoretical concept of an “insolvency threshold”
  • 3.6. ?Causality prediction test of the insolvency ­contingency development
  • 3.6.1. Methodological explanation
  • 3.6.2. Time series forecasting results
  • 3.6.2.1. ICF cases time series forecast with a dynamic regressor GDP
  • 3.6.2.2. ?Insolvency Contingency Fund payments time series forecast with a dynamic regressor GVA
  • 3.6.2.2.1. Excursus: Deterministic scenario forecasting
  • 3.7. Alternative explanatory approaches
  • 3.7.1. Number of existing companies
  • 3.7.2. Low interest rate policy
  • 3.7.3. Market entry and exit dynamics in the corporate sector
  • 3.8. Microeconomic insolvency research
  • 3.8.1. “Early leavers” in companies facing insolvency
  • 3.8.2. Microeconomic insolvency research – Conclusion
  • 4. ?Macroeconomic employment and GDP ­effects of the Insolvency Contingency Fund in Austria
  • 4.1. Research issue and objective
  • 4.2. Basic theoretical concepts
  • 4.2.1. “Crowding-Out” – Neoclassical Economic Theory
  • 4.2.2. “Multiplier Effect” – Keynesian Economic Theory
  • 4.2.3. Excursus: The phenomenon of “double-switching”
  • 4.3. Methodology and data
  • 4.3.1. Reference years
  • 4.3.2. Multiplier selection
  • 4.3.3. Equations of the ICF expenditure-side employment effects
  • 4.3.4. Equations of the ICF revenue side withdrawal effects
  • 4.3.5. Equation of the total net relief effect
  • 4.3.6. Equation of the labour market policy relief effect
  • 4.3.7. Equation of the gross value added effects
  • 4.4. Results
  • 4.4.1. ?Employment and relief effects of the Insolvency ­Contingency Fund
  • 4.4.2. ?Labour market policy relief effect of the Insolvency ­Contingency Fund
  • 4.4.3. Gross value added effects of the ICF
  • 5. Summary and conclusions
  • References

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