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The Austrian Paradox: "Old" Structures but High Performance?
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The Austrian "structure-performance paradox" as mentioned in this paper describes the ambiguous observation of high overall economic performance on the one hand, but a considerable lock in "old" industrial structures on the other.Abstract:
The Austrian "structure-performance paradox" describes the ambiguous observation of high overall economic performance on the one hand, but a considerable lock in to "old" industrial structures on the other. Compared to other high-income countries, Austria is characterised by an almost unique low share of industries, where competitive advantage is mostly driven by technological change. Following the presentation of a new empirical tool useful in structural analysis, this paper will summarise recent empirical results on both aspects of the paradox. Initially, attention will be drawn towards the most relevant policy questions; later some tentative explanations of the paradox will be examined.read more
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Tangible and intangible sunk costs and the entry and exit of firms in a small open economy: the case of Austria
TL;DR: In this article, an empirical study of the Austrian manufacturing industry explicitly considers sunk costs related to investment in dedicated intangible assets, and the results confirm the relevance of sunk costs as mobility barriers, their symmetry with respect to entry and exit, and show that the influence of sink costs is robust to aggregation.
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Global Value Chains and the EU Industry
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Internationalisation of business investments in R+D and analysis of their economic impact (BERD Flows)
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TL;DR: In this article, the authors study the internationalisation of business investments in R&D and analysis of their economic impact, and present an analysis of the economic impact of these investments.
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Social and Business Innovations: Are Common Measurement Approaches Possible?
TL;DR: In this paper, various approaches to measuring business innovation with the aim of drawing lessons for measuring social innovations, and offers several methodological and policy conclusions, including that the IUS indicators do not capture these types of changes and that poor performance signalled by a composite indicator does not automatically identify the area(s) necessitating the most urgent policy actions; only tailored, thorough comparative analyses can do so.
Journal ArticleDOI
When the High Road Becomes the Low Road: The Limits of High-Technology Competition in Finland
TL;DR: In this paper, the authors use Finland's successful transformation into a high-technology economy to highlight the significant economic and political risks associated with this strategy, and generalize the argument to several non-Nordic states.
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Book ChapterDOI
An International Comparison
Gjalt de Jong,Bart Nooteboom +1 more
TL;DR: In this paper, an international comparison of long-term supply relationships between the United States, Japan and Europe was conducted, and the empirical evidence indicated that there are strong similarities between the three regions, but these differences seem small, particularly relative to the expectations one may have on the basis of received view on systemic differences between “Japanese and “Western” contracting.
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Intangible Investment and Human Resources. The New WIFO Taxonomy of Manufacturing Industries
TL;DR: In this article, statistical cluster techniques are applied in the development of two new taxonomies of manufacturing industries, focusing on the distinction between exogenous, location dependent comparative cost advantages, such as the relative abundance of capital or labour, and endogenously created firm specific advantages resulting from intangible investments in marketing or innovation.
Posted Content
Austria's "Technology Gap" in Foreign Trade
TL;DR: In order to accelerate this shift toward technologically more sophisticated products, the ratio of research expenditures to GDP will need to be raised from the current 1.5 percent to the EU average of 2 percent as discussed by the authors.
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Qualität und Defizite des Industriestandorts Österreich
Karl Aiginger,Michael Peneder +1 more
TL;DR: The WIFO befragte im Sommer 1997 im Auftrag des Wirtschaftsministeriums Vorstandsmitglieder und Geschaftsfuhrer der wichtigsten in Osterreich tatigen Industrieunternehmen sowie einiger industrienaher Dienstleister as discussed by the authors.