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...

According to the investment survey conducted in October-December 2002, fixed capital investment in manufacturing decreased by 9.6 percent in 2002 over the previous year and is expected to grow by 5.7 percent in 2003 (both in current prices). Expressed in constant prices the expected increase in...

According to the results of the Autumn 2005 investment survey, investment in manufacturing expressed in current prices declined by 4.6 percent in 2005, but is expected to rise by 8.3 percent in 2006. The largest increase is reported by the primary, consumer goods and food and beverages...

Faced with an economic slowdown, the Austria federal government implemented two economic stimulus packages in 2001 and 2002 respectively. These packages provide for additional public expenditure, most of which has been advanced by one or two years, particularly with regard to public...