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WIFO White Paper: Technological Change and Productivity. Disaggregated Contributions to Growth in Austria Since 1990

Listed author(s):
  • Michael Peneder


  • Martin Falk


  • Werner Hölzl


  • Serguei Kaniovski


  • Kurt Kratena

Between 1990 and 2004, the average annual growth of total real value added amounted to about 2.38 percent, with +1.33 percentage points contributed by capital output growth, +0.46 percentage point by labour output growth, and +0.85 percentage point by multi-factor productivity growth (as well as minor re-allocation effects). Thus, the contribution of non-factor related technological change, measured in terms of multi-factor productivity, accounted for more than one third of total economic growth. If the quality effects of the shift in factor utilisation towards higher-value production factors resulting from factor-related technological change are included, the average annual contribution to growth stands at +1.49 percentage points, corresponding to a share of 63 percent. Hence, qualitative changes have been responsible for close to two thirds of real value added growth since 1990.

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Article provided by WIFO in its journal WIFO-Monatsberichte.

Volume (Year): 80 (2007)
Issue (Month): 1 (January)
Pages: 33-46

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Handle: RePEc:wfo:monber:y:2007:i:1:p:33-46
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