Consolidation measures will shape budgetary development until 2014. However, despite consolidation efforts reforming education and training policies as well as innovation policies is still possible and necessary. This is because these form the basis for sustainable growth. Increases in public...

The global financial crisis, which had its origin in the bursting of the real estate bubble in the USA, affected the confidence in the functionality of the modern financial system. Such a situation bears the risk that the restriction of credit supply turns into an outright credit crunch. The...

Between 1990 and 2004, the average annual growth of total real value added amounted to about 2.38 percent, with +1.33 percentage points contributed by capital output growth, +0.46 percentage point by labour output growth, and +0.85 percentage point by multi-factor productivity growth (as well as...

High growth enterprises are important carriers of economic dynamics. They contribute to job creation and to the diffusion of new technology. This paper is the first to show the importance of high growth firms for the Austrian economy, using a comprehensive database derived from social insurance...

The analysis of the relationship between internationalisation and innovation of European firms using CIS micro data for 21 countries shows that these two aspects are interdependent. Innovation activities are positively related to export activities, and exports stimulate further innovation. The...

The economic crisis has affected the unit labour cost position of the Austrian manufacturing sector. Per-capita labour productivity declined by 10.1 percent in Austria, while EU trading partners saw a drop in productivity of 11.1 percent. At the same time, labour costs rose by 2.0 percent in...

This study based on three different datasets shows that entry and exit dynamics have been increasing over the last decades. Start-ups are of much greater importance for the Austrian economy than they were 20 years ago. Although a final international comparison of start-up figures is not possible...

This article uses representative firm-level data for the Austrian manufacturing sector in order to analyse interactions between firm dynamics, export status and turnover productivity.

Austria's GDP grew by just 0.3 percent in 2014, making for a sluggish economy for the third year in a row. Causes for the sluggishness were not just continued investment reticence on the part of businesses and muted expenditure on the part of private households but also the lack of any strong...

The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...