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...

Enhancing growth through more innovation has become a priority for Austrian policy makers in line with European policies as laid down in the Lisbon Agenda. This paper discusses Austria’s innovation performance, its innovation policies, and general framework conditions for innovation and...

Talented, young scientists are often internationally mobile. There is however an asymmetric mobility towards prestigious US universities. This brain drain limits Europe's research performance. To shed more light on the determinants of job choice of scientists and on asymmetric mobility flows, an...

Based on a unique survey, we conduct a stated choice experiment to examine the determinants of career choice in academia. Both early and later stage researchers value a balance between teaching and research, appropriate salaries, working with high-quality peers and good availability of external...

This paper studies differences in the perception of innovation barriers between innovative and non-innovative firms for 18 EU countries. The countries are grouped by their distance to the technological frontier using Community Innovation Surveys for the years 2002-2004 and 2004-2006. The results...

Institutions of higher education are central to knowledge-based societies. The extent to which they accomplish their tasks such as providing the requisite quantity and quality of research and teaching is of ever growing importance for the economy and society at large. At the same time,...

The higher education system in Austria is underfunded when judged by the scope of its tasks, Austria's per-capita GPD and the level of funding in similar European countries (small, open and highly developed economies). Reaching the Austrian government's higher education funding target of 2...

Education and training are central to innovative activities in highly developed economies and hence to economic growth. Empirical analyses at firm level show that the lack of qualified human resources is the most important barrier to innovation in economies at the technological frontier, much...

An economy undergoing structural change may be interpreted as indicating changing skill demands by firms. In Austria structural change signals that Austria's historical specialisation in sectors characterised by medium-skill intensity is complemented by strongly growing skill-intensive sectors....

Based on the European Commission’s (2009) projections for potential output, we calculate a permanent potential output loss of between 4% and 6% until 2013, while we expect that the growth rate will eventually return to its precrisis level of close to 2% in the medium run before the effects of...