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Austria’s Economic Competitiveness in a Neighbourhood Context
Client/Funding Institution
Anniversary Fund of the Oesterreichische Nationalbank
Abstract
Since the Eastern enlargement of the EU in 2004, Austria has lost global export market shares. At the same time exports to Central, East and Southeast Europe have gained a significant portion of Austria’s total exports. Moreover, in recent years Austrian GDP growth has slowed down and unemployment increased. In this context our main research question is whether the opening to the East had a structural lock-in effect for Austria’s economy. In a novel approach on the territorial lock-in effect we will apply a multi-perspective view from a microeconomic (firm-level), mesoeconomic (industry-level) and macroeconomic (country-level) perspective. As regards data, we will have exclusive access to an update of the world input-output database including data for the Western Balkans. The new data will add substantially to the project, the current discussion on Austria’s competitiveness and the development of policy recommendations.
Duration
August 2016 - July 2018
wiiw team Leader
wiiw Staff
Alexandra Bykova, Manuela Engleitner, Mahdi Ghodsi, Doris Hanzl-Weiss, Olga Pindyuk, Roman Stöllinger
Publications
- Cohesion Policy Meets Heterogeneous Firms
- Is Austria’s economy locked-in in the CESEE region? Austria’s competitiveness at the micro-level
- Cohesion Policy Meets Heterogeneous Firms
Related News
Keywords: competitiveness, lock-in effect, total factor productivity, value added trade, real exchange rate, Eastern Europe, Austria
Countries covered: Austria, Central and East Europe
Research Areas: Macroeconomic Analysis and Policy, International Trade, Competitiveness and FDI