The countries of the Black Sea region, located at the strategic crossroads between Europe, Central Asia and the Middle East, are rapidly gaining in importance, considering their geographic proximity, rich mineral resources and potential as a sales market and labour pool. The article looks into...

In the past decade trade in manufactured goods has experienced a rise in developing economies. China especially has seen its world market share in the trade of complex industrial products rising dramatically, whereas those of some industrialised economies have fallen. In this product category...

In spring the European Commission published its first "Alert Mechanism Report" on macroeconomic imbalances in the European Union summarising ten indicators in a scoreboard. Austria exceeded the relevant thresholds in three cases: 1. Austria's export market share decreased by 14.8 percent during...

In 2003, Austria was finally able to close its FDI gap. A major contribution to catching up with the scope of active di-rect investment was provided by Austrian investments in the CEECs. Recently, interest has been tending to shift to-wards the more distant CEE countries. For several years now,...

The increasing importance of Eastern Europe for Austria's foreign trade has given a considerable boost to the growing level of internationalisation among Austrian businesses. Austria's export of goods has almost doubled over the past 15 years, and more than a third of this successful...

By selecting firms with high growth and profitability potential, investors of risk capital play an important role for corporate innovation and financing. Yet, the Austrian risk capital market is underdeveloped. Investment in venture capital and for growth of firms amounted to a modest 0.04...

In 2011, the cash flow to sales ratio should have increased in the Austrian manufacturing sector. The rise reflects the continued recovery after the severe crisis in 2008 and 2009, which was also marked by a drop in the cash flow to revenue margin. For 2011, econometric estimates based on a...

In 2013, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.0 percent, a value significantly below the long-run average of 9.6 percent. The persistently muted performance of the manufacturing sector has affected the cash-flow-to-sales ratio, which declined...

Austria's economy is in transition from implementing existing technologies to the creation of innovative products and processes. Its research intensity has been enhanced, as have the skills requirements to be met by its workforce. In order to complete this transition it is necessary to adjust...

Based on a small panel of NACE 2-digit industries, econometric estimates indicate a cash flow to sales ratio of Austrian manufacturing firms of approximately 10.3 percent in 2008. This marks a significant drop from the extraordinarily high 13.7 percent in 2007, and can be explained by the...