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Strong Increase in Innovation Spending by Austrian Companies in the Second Year of the COVID-19 Pandemic

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  • Andreas Reinstaller

Abstract

The results of the December 2021 WIFO-Konjunkturtest (business cycle survey) show that Austrian companies expanded their innovation spending in 2021. However, the still unfavourable economic environment has led to restraint in the introduction of new products. The persistence of the COVID-19 crisis is likely to have hit the innovation activity of small and medium-sized enterprises in particular.

Suggested Citation

  • Andreas Reinstaller, 2022. "Strong Increase in Innovation Spending by Austrian Companies in the Second Year of the COVID-19 Pandemic," WIFO Reports on Austria, WIFO, issue 5, April.
    • Handle: RePEc:wfo:repoau:y:2022:i:5
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    References listed on IDEAS

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    1. Peneder, Michael, 2010. "Technological regimes and the variety of innovation behaviour: Creating integrated taxonomies of firms and sectors," Research Policy, Elsevier, vol. 39(3), pages 323-334, April.
    2. Andreas Reinstaller, 2021. "COVID-19-Krise dämpft die Innovationstätigkeit österreichischer Unternehmen. Ergebnisse des WIFO-Konjunkturtests vom Dezember 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(2), pages 127-138, February.
    3. Andreas Reinstaller, 2020. "Auswirkungen der COVID-19-Krise auf die Forschungs- und Entwicklungsausgaben des Unternehmenssektors in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(6), pages 449-460, June.
    4. Andreas Reinstaller, 2019. "Produkteinführungen österreichischer Unternehmen und Konjunkturschwankungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(3), pages 173-182, March.
    5. Klaus S. Friesenbichler & Werner Hölzl & Agnes Kügler & Andreas Reinstaller, 2021. "Unternehmerische Unsicherheit und wirtschaftspolitische Risikofaktoren in der COVID-19-Krise. Ergebnisse des Updates der WIFO-Industriebefragung vom Sommer 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(6), pages 461-470, June.
    6. Nicola Grassano & Hector Hernandez & Peter Fako & Alexander Tuebke & Sara Amoroso & Aliki Georgakaki & Lorenzo Napolitano & Francesco Pasimeni & Francesco Rentocchini & Ramon Compano & Serena Fatica &, 2021. "The 2021 EU Industrial R&D Investment Scoreboard," JRC Research Reports JRC127360, Joint Research Centre.
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