In late spring, WIFO sampled 3,000 enterprises in manufacturing, construction and public utilities for their investment plans for 1995. Interest in the results was heightened by the fact that some domestic and foreign business cycle indicators had recently pointed to a slower pace of recovery....

The financial crisis has affected the real economy in stages yet nevertheless at an unexpected rate and with all regions being affected simultaneously. It advanced almost independently of the regions' exposure to the actual initial causes, among them the subprime crisis, innovative financial...

This paper investigates to which extent tough competition impacts on the macroeconomic performance of countries. The relation between competition and innovation has been investigated intensely in industrial economics. It started with Schumpeter's hypothesis that monopoly profits were necessary...

Industrial policy is a controversial but necessary part of economic policy. In its early stages, it consisted mainly of sectoral interventions. It then evolved into a broader competitiveness policy driven by horizontal policies. Nowadays it is a mixture of mainly horizontal and of complementary...

Despite a slowdown overall investment expenditure in 1991 will again rise faster than GDP, by 4¾ percent in volume. Demand for machinery and equipment in manufacturing industry reached a peak in 1990, expanding by 19 percent. In the current year, firms envisage a further increase by a...