Based on the empirical firm growth literature and on heterogeneous (microeconomic) adjustment models, this paper empirically investigates the impact of European industry fluctuations and domestic business cycles on the growth performance of European firms. Since the implementation of the Single...

In a two-country general oligopolistic equilibrium model, I study how cross-sector strategic trade policy affects wages, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade, cross-sector protectionism generates a...

Like all crises in the past, the economic downturn of 2008-2009 caused some frictions in the international trading system. Import tariffs, the traditional instrument for protecting domestic industries, however, have not played the primary role in this, particularly not in industrialised...

This report contains three separate papers, each addressing selected issues concerning natural gas policy and security of gas supply in Europe. The over-arching themes are vulnerability (to supply disruptions, to supplier pricing power) and fragmentation; and measures designed to overcome them,...

Für Österreich als kleine offene Volkswirtschaft ist die internationale Wettbewerbsfähigkeit seiner Un-ternehmen für den wirtschaftlichen Wohlstand entscheidend. Darüber hinaus prägen kleine und mittel-ständische Unternehmen (KMUs) die Struktur der heimischen Wirtschaft. Somit sind sie...

The present paper aims to test the impact of incoming Foreign Direct Investment (FDI) on local wages in the Italian manufacturing sector by using firm level data from 2002 to 2007. Results initially show the lack of wage spillovers at both horizontal and vertical level, meaning that the effects...

The absorptive capacity represents the ability of enterprises to efficiently absorb and internalise knowledge from outside: it represents the link between firms’ capabilities to implement new products and the external stock of technological opportunities, such as those spilled-out from...

Die vorliegende Studie untersucht die internationale Expansion der Pharmaindustrie in Österreich und stellt diese in den Kontext der zunehmenden weltwirtschaftlichen Verflech-tungen. Die Pharmaindustrie in Österreich besteht einerseits aus den Filialen einiger inter-national tätiger...

A strong innovation performance based on R&D, product development and the implementation of advanced production technologies is key for the long-term competitiveness of European economies. This study investigates the effects of production offshoring on R&D and innovation activities of the firm...

Basierend auf einer Sichtung der empirischen Literatur werden in diesem Policy Brief drei Fragen behandelt: 1. Welche (neuen) Trends prägen die Internationalisierung von Forschung und Entwicklung (F&E)? 2. Welche Faktoren entscheiden darüber, ob ein Unternehmen im Ausland F&E betreibt? 3. Wie...