According to WIFO estimates, Austrian manufacturing achieved a cash flow to sales ratio of 11 percent in 2003, which is comparable to the performance in 2002. The high cash flow to sales ratio in 2002 had been unexpected, given the sluggish growth prospects. A survey among major firms conducted...

For 1998, WIFO estimates a cash-flow to sales ratio of 8.9 percent, approximately the same level as in 1997. Surveys performed by the Confederation of Austrian Industry (Vereinigung der Österreichischen Industrie) among manufacturing firms confirm this estimate and likewise suggest no further...

Due to the slowdown in the first half of 1999 as a result of the financial crises in Asia, Latin America and Russia, WIFO expects a temporary decline of the cash flow/sales ratio to 9.1 percent in 1999 for Austrian manufacturing, as compared to 9.7 percent in 1988. The survey performed by the...

Nationale Clusterstrukturen im Sinne von verwandten, sich gegenseitig unterstützenden und international erfolgreichen Branchen sind in Österreich vergleichsweise wenig ausgeprägt. Ausnahmen sind z. B. der Wirtschaftskomplex Holz–Papier sowie die Erzeugung von Eisenbahnschienen und von...

Exerting special financing, selection and value adding functions, private equity and venture capital are considered to have an important impact on the overall economic development. The article tests these effects for Austria by using company data and a two-stage matching procedure. The findings...

In order to establish guidelines for technology policy and promotion a set of "clusters", i.e., inter-related industrial activities, each representing a combination of high technological and economic competitiveness has been elaborated for Austria. Generally speaking, such clusters are not...

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...

The objective of this study is to investigate the link between industrial structure and macroeconomic performance in terms of income levels and growth. The study has been motivated by the repeated observation of pronounced deficits in the industrial structure of the Austrian economy –...

Venture capital is a special type of institutionalised private equity. It gains its importance in bridging part of the 'financing gap' not only by the focus on firms with a high growth potential, but also by the intense commitment in terms of the selection and monitoring of projects, which helps...