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A WIFO Radar of Competitiveness for the Austrian Economy

Author

Listed:
  • Michael Peneder
  • Angela Köppl
  • Thomas Leoni
  • Peter Mayerhofer
  • Thomas Url

    (WIFO)

Abstract

The new WIFO radar of competitiveness measures the performance of Austria using 24 selected indicators in four dimensions related to economic, social and ecological goals. STable values in the top third are recorded for real per-capita income and foreign trade. In the dimensions of "labour market and social living conditions" and "use of natural resources", Austria is also above the European average, but does not rise beyond a medium position. After moderate but persistent losses of position in the past years, on average across all indicators Austria ranks slightly behind the best third of European countries.

Suggested Citation

  • Michael Peneder & Angela Köppl & Thomas Leoni & Peter Mayerhofer & Thomas Url, 2021. "A WIFO Radar of Competitiveness for the Austrian Economy," WIFO Reports on Austria, WIFO, issue 3, January.
    • Handle: RePEc:wfo:repoau:y:2021:i:3
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    File URL: https://www.wifo.ac.at/wwa/pubid/66849
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    References listed on IDEAS

    as
    1. Michael Peneder, 2017. "Competitiveness and industrial policy: from rationalities of failure towards the ability to evolve," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 829-858.
    2. Vasily Astrov & Roman Stöllinger & Robert Stehrer & Oliver Fritz & Harald Oberhofer & Thomas Url & Yvonne Wolfmayr, 2020. "FIW-Jahresgutachten. Die österreichische Außenwirtschaft," WIFO Studies, WIFO, number 65936, Juni.
    3. Karl Aiginger & Matthias Firgo, 2017. "Regional competitiveness: connecting an old concept with new goals," Chapters, in: Robert Huggins & Piers Thompson (ed.), Handbook of Regions and Competitiveness, chapter 7, pages 155-191, Edward Elgar Publishing.
    4. Claudia Kettner-Marx & Daniela Kletzan-Slamanig & Angela Köppl & Ina Meyer & Franz Sinabell & Mark Sommer, 2020. "Schlüsselindikatoren zu Klimawandel und Energiewirtschaft 2020. Sonderthema: COVID-19, CO2-Emissionen und Konjunkturpakete als Chance für strukturorientierten Klimaschutz," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(7), pages 539-555, July.
    5. Thomas Url & Serguei Kaniovski, 2019. "Macroeconomic Consequences of Ageing and Directed Technological Change," WIFO Studies, WIFO, number 62267, February.
    6. Julia Bock-Schappelwein & Matthias Firgo & Agnes Kügler, 2020. "Digitalisierung in Österreich: Fortschritt und Home-Office-Potential," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(7), pages 527-538, July.
    7. Ursula Glauninger & Thomas Url, 2017. "Revised competitiveness indicators for Austria reflect a comparatively stable competitiveness development of the Austrian economy over the longer horizon," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/17, pages 73-110.
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    Cited by:

    1. Michael Peneder & Benjamin Bittschi & Angela Köppl & Peter Mayerhofer & Thomas Url, 2022. "The WIFO Radar of Competitiveness for the Austrian Economy 2021," WIFO Reports on Austria, WIFO, issue 2, January.
    2. Ursula Glauninger & Thomas Url & Klaus Vondra, 2022. "Exchange rate index update for Austria shows lower effective appreciation than previously measured," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/21, pages 13-41.

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