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Wettbewerbsfähigkeit der Industrie und Energiepreise

Author

Listed:
  • Hölzl Werner

    (WIFO, Wien, Sweden)

  • Streicher Gerhard

    (WIFO, Wien, Sweden)

Abstract

The rise in energy prices in 2021/22 put the competitiveness of Austrian manufacturing industry to the test. Model-based simulations and an enterprise survey were carried out to analyze the medium-term effects of high energy prices. The results show that the cost disadvantages in international competition induced by energy price increases will lead to a decline in industrial production and employment in the medium term and increase the risk of relocation of energy-intensive production.

Suggested Citation

Handle: RePEc:vrs:wipobl:v:2024:y:2024:i:1:p:40-47:n:1009
DOI: 10.2478/wpbl-2024-0009
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More about this item

JEL classification:

  • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
  • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
  • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
  • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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