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Die Wichtigkeit von Investitionen und Innovationen für den Wirtschaftsstandort

Author

Listed:
  • Köppl-Turyna Monika

    (EcoAustria, Wien, Sweden; Privatuniversität Schloss Seeburg, Seekirchen am Wallersee, Austria; Centre for Europe University of Warsaw, Warschau, Poland)

  • Graf Nikolaus

    (EcoAustria, Wien, Sweden)

Abstract

Investment is a prerequisite for innovation and technological progress. Investment activity in Austria is currently well below the average of the eurozone countries. In view of a decline in the relative competitive position as a result of restrained investment activity, the question of economic policy measures to improve innovation and investment activity arises. The economic literature identifies a number of factors that can have a positive influence on investment and innovation. These include, in particular, access to cheap capital, improvements in the education system to promote human capital, the reduction of bureaucratic obstacles and a reduction of taxation and public debt.

Suggested Citation

Handle: RePEc:vrs:wipobl:v:2024:y:2024:i:1:p:17-25:n:1010
DOI: 10.2478/wpbl-2024-0010
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More about this item

JEL classification:

  • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
  • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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