Economic Growth and Employment Effects as a Result of the Upper Austrian Flood Protection Building Program

Starting in 2002, a continuous building of flood protection infrastructure aiming at preventing high monetary damages has been taking place in Upper Austria. As a result of investments in these flood protection measures between 2002 and 2015, significant positive effects on the gross regional product as well as on the employment level have been generated. However, the macroeconomic effects are found to depend substantially on the import quota for required materials