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The Austrian Paradox: "Old" Structures but High Performance?

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Listed:
  • Michael Peneder

    (WIFO)

Abstract

The Austrian "structure-performance paradox" describes the ambiguous observation of high overall economic performance on the one hand, but a considerable lock in to "old" industrial structures on the other. Compared to other high-income countries, Austria is characterised by an almost unique low share of industries, where competitive advantage is mostly driven by technological change. Following the presentation of a new empirical tool useful in structural analysis, this paper will summarise recent empirical results on both aspects of the paradox. Initially, attention will be drawn towards the most relevant policy questions; later some tentative explanations of the paradox will be examined.

Suggested Citation

  • Michael Peneder, 1999. "The Austrian Paradox: "Old" Structures but High Performance?," Austrian Economic Quarterly, WIFO, vol. 4(4), pages 239-247, October.
  • Handle: RePEc:wfo:wquart:y:1999:i:4:p:239-247
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    References listed on IDEAS

    as
    1. Stephan Schulmeister, 1990. "Das technologische Profil des österreichischen Außenhandels," WIFO Monatsberichte (monthly reports), WIFO, vol. 63(12), pages 663-675, December.
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    Cited by:

    1. Gunther Tichy, 2000. "The Innovation Potential and Thematic Leadership of Austrian Industries: An Interpretation of the Technology Delphi with Regard to the Old Structures/High-performance Paradox," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(4), pages 411-436, December.
    2. Attila Havas, 2015. "The persistent high-tech myth in the EC policy circles - Implications for the EU10 countries," IEHAS Discussion Papers 1517, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    3. Michael Böheim, 2000. "Benchmarking of Economic Framework Conditions at Company Level," WIFO Monatsberichte (monthly reports), WIFO, vol. 73(11), pages 689-698, November.
    4. repec:wfo:wstudy:47444 is not listed on IDEAS
    5. Stefan Ederer & Jürgen Janger, 2011. "Growth and Employment Policies in Austria in a New European Framework," WIFO Monatsberichte (monthly reports), WIFO, vol. 84(6), pages 421-433, June.
    6. Michael Peneder, 2001. "The Austrian Paradox Revisited," WIFO Monatsberichte (monthly reports), WIFO, vol. 74(12), pages 737-748, December.
    7. Jürgen Janger & Andreas Reinstaller, 2009. "Innovation: Incentives, Input Factors and Output Mirrored by Austria's Economic Structure," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(8), pages 603-617, August.
    8. Attila Havas, 2014. "Trapped by the high-tech myth: the need and chances for a new policy rationale," Chapters,in: Knowledge-Intensive Entrepreneurship in Low-Tech Industries, chapter 9, pages 193-217 Edward Elgar Publishing.
    9. Hölzl, Werner & Reinstaller, Andreas, 2004. "The Impact of technology and demand shocks on structural dynamics: evidence from Austrian manufacturing," Research Memorandum 015, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    10. Werner Hölzl & Andreas Reinstaller, 2004. "The effect of technology and demand shocks on structural and industrial dynamics: Evidence from Austrian manufacturing," Working Papers geewp37, Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    11. Andrea Szalavetz, 2005. "Structural change, structural competitiveness," IWE Working Papers 155, Institute for World Economics - Centre for Economic and Regional Studies- Hungarian Academy of Sciences.
    12. repec:wfo:wstudy:42956 is not listed on IDEAS
    13. Attila Havas, 2015. "Various approaches to measuring business innovation: their relevance for capturing social innovation," IEHAS Discussion Papers 1554, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    14. Gunther Tichy, 2016. "Persistent Structural Problems in Spite of Correct Structural Forecasts," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(8), pages 553-571, August.
    15. Gunther Tichy, 2000. "Marktnischen mit Chancen auf Österreichische Themenführerschaft. Eine Auswertung des Technologie-Delphi," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 26(4), pages 513-536.
    16. Gunther Tichy, 2015. "Austria as a Business Location – From Fast Lane to Siding," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(8), pages 635-648, August.
    17. Attila Havas, 2016. "Social and Business Innovations: Are Common Measurement Approaches Possible?," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(2), pages 58-80.
    18. Havas, Attila, 2014. "Mit mér(j)ünk?. Az innováció értelmezései - szakpolitikai következmények
      [The theory and measurement of innovation and its mutual effect on policy]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 1022-1059.
    19. Jürgen Janger, 2012. "Structural Change and Competitiveness in the EU," WIFO Monatsberichte (monthly reports), WIFO, vol. 85(8), pages 625-640, August.
    20. Jürgen Janger & Agnes Kügler & Andreas Reinstaller & Fabian Unterlass, 2017. "Austria 2025 – Measuring and Determining the Frontier in Science, Technology, Innovation and Economy," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(2), pages 141-151, February.
    21. N. N., 2017. "WIFO-Monatsberichte, no 2/2017," WIFO Monatsberichte (monthly reports), WIFO, vol. 90(2), February.
    22. repec:wfo:wstudy:20668 is not listed on IDEAS
    23. Stefan Ederer & Jürgen Janger, 2011. "Promotion of Growth and Employment in Austria within the New European Policy Framework," Austrian Economic Quarterly, WIFO, vol. 16(2), pages 119-131, July.

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