This study investigates the determinants of bilateral Greenfield FDI projects and flows in knowledge intensive business services from OECD/BRIC countries to the EU countries for the period 2003-2010. Greenfield FDI projects are distinguished by type of activity: (i) business services, (ii)...

This paper empirically investigates the potential determinants of business-sector R&D intensity using a panel of OECD (countries for the period of 1975-2002 with data measured as five-year averages). Estimates using a system GMM estimator controlling for endogeneity show a high degree of...

We present a new method for imposing and testing concavity of cost functions using asymptotic least squares, which can be easily implemented even for nonlinear cost functions. We provide an illustration for a (generalized) Box-Cox cost function with six inputs: capital, labor disaggregated in...

According to the results of the spring 2005 investment survey, investment in manufacturing as expressed in current prices increased by 8.2 percent in 2004. For 2005, investment is expected to stay at the same level as in 2004. A growth of investment for 2004 was reported by all industries except...

The Austrian manufacturing industry as well as construction, electricity, gas, water and public transport plan to invest € 10.6 billion at current prices in 2004. Total investment is expected to increase slightly by 5.8 percent compared to 2003, after a two-year decrease. In the autumn survey...

According to the results of the spring 2004 investment survey, investment in manufacturing expressed in current prices was set to grow by 6.6 percent in 2004. In the autumn 2003 investment survey, enterprises had expected their investments in 2004 to stay at the same level as in 2003. Seen...

According to the results of the WIFO Spring 2008 Investment Survey, investment in manufacturing (including mining, NACE 10 to 14 and 23) at current prices is expected to increase by 8.2 percent in 2008. The overall expansion can be mainly attributed to the manufacturers of investment goods and...

Between 1990 and 2004, the average annual growth of total real value added amounted to about 2.38 percent, with +1.33 percentage points contributed by capital output growth, +0.46 percentage point by labour output growth, and +0.85 percentage point by multi-factor productivity growth (as well as...