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...

Based on a small panel of NACE 2-digit industries, econometric estimates indicate a cash flow to sales ratio for Austrian manufacturers of approximately 10.6 percent in 2007, which is only 0.1 percentage point above the level of 2006. This is the result of an increase in industrial output and...

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...

Fiscal austerity programs and the EU's competition rules require a concentration of industrial support policies in a few selected support programs, and a comprehensive organizational reform with the goal of raising the efficiency of Austria's system of public support to industry. Given the...

Competition policy has a positive medium to long-run effect on innovation, growth and employment. In the short run, however, its effectiveness in the fight against inflation is quite limited. Four sets of subject-specific reform measures elaborated by WIFO illustrate the range of effects to be...

Ongoing work to analyse a country's competitive standing has led to the application of the benchmarking method to comparative sectoral and national assessment. The method involves a comparison in terms of performance which explicitly looks for the best process, the "best practice". The use of...

The positive impact of an effective competition regime on innovative activities and economic growth is well established in empirical terms. Effective competition requires that enterprises are not restricted in their economic activities. Enterprises need to be privately owned in order to enjoy...