IDEAS home Printed from https://ideas.repec.org/p/bpr/report/0323.html

Productivity slowdown in Austria between 1995 and 2019

Author

Listed:
  • Zuzana Molnárová

Abstract

This report analyses productivity growth in Austria between 1995 and 2019 using aggregate and industry-level data. We combine two vintages of the EU KLEMS dataset, which provide information on output and productivity growth and growth components for up to 30 countries and 42 industries. We compare Austria's productivity growth with that of peer countries, focusing on developed European small open economies. The analysis confirms the productivity slowdown for Austria, similar to many other developed countries. The productivity growth rates in the most recent part of the sample have not recovered to their pre-financial crisis values. The effect of changing industry composition on productivity growth in Austria was positive and relatively small throughout the sample period, while the decline in productivity growth within industries, both in manufacturing and service sector, was more important. The international comparison shows that the aggregate development in Austria was similar to that of the peer country groups, with higher productivity growth in the years before and during the financial crisis. However, the industry-level evidence shows some important differences for Austria.

Suggested Citation

  • Zuzana Molnárová, 2023. "Productivity slowdown in Austria between 1995 and 2019," Reports 0323, Büro des Produktivitätsrates.
    • Handle: RePEc:bpr:report:0323
    as

    Download full text from publisher

    File URL: https://www.produktivitaetsrat.at/dam/jcr:8cc0d0a7-848c-4033-a51f-28ac8315f91c/rep_03-23.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael Peneder & Martin Falk & Werner Hölzl & Serguei Kaniovski & Kurt Kratena, 2006. "Teilstudie 3: Wachstum, Strukturwandel und Produktivität. Disaggregierte Wachstumsbeiträge für Österreich von 1990 bis 2004," WIFO Studies, WIFO, number 27442.
    2. Michael Peneder, 2007. "A sectoral taxonomy of educational intensity," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 34(3), pages 189-212, July.
    3. Stéphane Sorbe & Peter Gal & Valentine Millot, 2018. "Can productivity still grow in service-based economies?: Literature overview and preliminary evidence from OECD countries," OECD Economics Department Working Papers 1531, OECD Publishing.
    4. Chad Syverson, 2017. "Challenges to Mismeasurement Explanations for the US Productivity Slowdown," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 165-186, Spring.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Bauer & Igor Fedotenkov & Aurelien Genty & Issam Hallak & Peter Harasztosi & David Martinez Turegano & David Nguyen & Nadir Preziosi & Ana Rincon-Aznar & Miguel Sanchez Martinez, 2020. "Productivity in Europe: Trends and drivers in a service-based economy," JRC Research Reports JRC119785, Joint Research Centre.
    2. Philip Flegler & Hagen Krämer, 2021. "Das Produktivitätsparadoxon der unternehmensbezogenen Dienstleistungen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(03), pages 38-45, March.
    3. Wroński Marcin, 2019. "The productivity growth slowdown in advanced economies: causes and policy recommendations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 55(4), pages 391-406, December.
    4. Anderton, Robert & Jarvis, Valerie & Labhard, Vincent & Morgan, Julian & Petroulakis, Filippos & Vivian, Lara, 2020. "Virtually everywhere? Digitalisation and the euro area and EU economies," Occasional Paper Series 244, European Central Bank.
    5. Elstner, Steffen & Feld, Lars P. & Schmidt, Christoph M., 2018. "The German productivity paradox: Facts and explanations," Ruhr Economic Papers 767, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    6. Wim Naudé, 2016. "Is European Entrepreneurship in Crisis?," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(03), pages 03-07, October.
    7. Redding, Stephen J. & Weinstein, David E., 2016. "A unified approach to estimating demand and welfare," LSE Research Online Documents on Economics 67681, London School of Economics and Political Science, LSE Library.
    8. Christos A Makridis & Andrew A Borkowski & Gil Alterovitz, 2024. "Perspectives on advancing innovation and human flourishing through a network of AI institutes," Science and Public Policy, Oxford University Press, vol. 51(3), pages 557-562.
    9. Erica L. Groshen & Brian C. Moyer & Ana M. Aizcorbe & Ralph Bradley & David M. Friedman, 2017. "How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies: A View from the Trenches," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 187-210, Spring.
    10. Ekaterina Prytkova, 2021. "ICT's Wide Web: a System-Level Analysis of ICT's Industrial Diffusion with Algorithmic Links," Jena Economics Research Papers 2021-005, Friedrich-Schiller-University Jena.
    11. Dan Andrews & Balázs Égert & Christine de la Maisonneuve, 2024. "From decline to revival: Policies to unlock human capital and productivity," OECD Economics Department Working Papers 1827, OECD Publishing.
    12. Venturini, Francesco, 2022. "Intelligent technologies and productivity spillovers: Evidence from the Fourth Industrial Revolution," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 220-243.
    13. Jennifer Bruner & Dylan G. Rassier & Kim J. Ruhl, 2018. "Multinational Profit Shifting and Measures throughout Economic Accounts," NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 153-205, National Bureau of Economic Research, Inc.
    14. Austan Goolsbee & Chad Syverson, 2022. "The Strange and Awful Path of Productivity in the US Construction Sector," NBER Chapters, in: Technology, Productivity, and Economic Growth, pages 119-138, National Bureau of Economic Research, Inc.
    15. repec:osf:osfxxx:akqhn_v1 is not listed on IDEAS
    16. Massimo Riccaboni & Alessandro Rossi & Stefano Schiavo, 2013. "Global networks of trade and bits," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 8(1), pages 33-56, April.
    17. Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
    18. Jürgen Janger & Andreas Reinstaller, 2009. "Innovation: Anreize, Inputfaktoren und Output im Spiegel der österreichischen Wirtschaftsstruktur," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(8), pages 603-617, August.
    19. Anastasios Evgenidis & Apostolos Fasianos, 2025. "AI news shocks and the macroeconomy: evidence from UK patent data," IFS Working Papers W25/48, Institute for Fiscal Studies.
    20. Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2017. "The productivity slowdown and the declining labor share: a neoclassical exploration," CEP Discussion Papers dp1504, Centre for Economic Performance, LSE.
    21. Anabela Queirós & Aurora A.C. Teixeira, 2014. "Economic growth, human capital and structural change: an empirical analysis," FEP Working Papers 549, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpr:report:0323. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Brunner (email available below). General contact details of provider: https://edirc.repec.org/data/prgovat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.