Towards a risk-adjusted trade policy

Client/Funding Institution

Austrian Ministry for Digital and Economic Affairs


This research project tackled the question of how vulnerable our economies are to demand and supply shocks - both apply in the case of the COVID-19 health crisis from within and outside the EU - and what role GVCs play in the transmission of these shocks. The analysis focused on the vulnerabilities from an Austrian perspective and identified the sectors that are more prone to shocks due to dependence of imported products, low substitutability of imported products, high concentration on single supplying countries/firms and complex value chains.


November 2020 - July 2021

wiiw team Leader

Oliver Reiter

wiiw Staff

Veronika Janyrova, Robert Stehrer


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Research Areas: International Trade, Competitiveness and FDI