In a long-term perspective, world trade expands much faster for high-technology manufactures than for goods with low technological content. Compared with other advanced industrialized countries, Austria exhibits a substantial "technological gap" in its foreign trade: 1. The share of...

The earning capacity of Austrian manufacturing industry, as regularly assessed and analyzed by WIFO, has remained stable in 1996. The cash-flow/sales ratio stood at 9½ percent, maintaining the year-earlier level. The beginning cyclical recovery in the second semester, favorable exchange rate...

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of the economic system. At the sectoral level, such qualitative transformations become manifest as variations in the sectoral composition of production. Following the implementation...

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...

This paper presents an integrated set of innovation taxonomies for firms and sectors. It discards the practice of representing industries by some average behaviour, instead characterising them by the distribution of diverse innovation modes at the firm level. The theoretical focus is on (i)...

This paper presents an integrated set of innovation taxonomies for firms and sectors. It discards the practice of representing industries by some average behaviour, instead characterising them by the distribution of diverse innovation modes at the firm level. The theoretical focus is on (i)...

Proposing a novel research design for firm-level impact studies, I investigate the effects of venture capital financing on corporate performance by applying a two-stage propensity score matching on Austrian micro-data. Controlling for differences in industry, location, legal status, size, age,...

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...