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New indicators of competitiveness: the Austrian perspective

In: Boosting European Competitiveness

Author

Listed:
  • Doris Ritzberger-Grünwald
  • Maria Silgoner
  • Klaus Vondra

Abstract

Traditionally the assessment of the competitiveness position of a country focuses on price and cost measures and on goods exports. However, in the last two decades globalization has changed the production processes fundamentally. Hence, these traditional indicators and rankings deliver only an incomplete explanation for the export success of countries. Based on the example of Austria, a small open economy, the authors show that these changing trade patterns require new competitiveness indicators, accounting for the growing importance of global value chains, services exports and non-price factors of competitiveness.

Suggested Citation

  • Doris Ritzberger-Grünwald & Maria Silgoner & Klaus Vondra, 2016. "New indicators of competitiveness: the Austrian perspective," Chapters, in: Marek Belka & Ewald Nowotny & Pawel Samecki & Doris Ritzberger-Grünwald (ed.), Boosting European Competitiveness, chapter 4, pages 39-47, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17217_4
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    Keywords

    Economics and Finance;

    Statistics

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