The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...

WIFO has been conducting its Business Cycle Survey since 1954. Today, some 1,600 businesses, with altogether more than 200,000 employees, are participating in the survey. The findings of the survey are analysed to obtain leading indicators of the state of the Austrian economy. The analysis shows...

In 2013, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.0 percent, a value significantly below the long-run average of 9.6 percent. The persistently muted performance of the manufacturing sector has affected the cash-flow-to-sales ratio, which declined...

This paper studies the serial autocorrelation of annual growth rates in employment for selected Austrian service industries over a 30-year period using quantile regression techniques. The autocorrelation of growth rates provides important information on firms growth processes. We find that the...

We study the evolution and cyclical dependency of the cross sectional distribution of firm level job creation rates from 1975 to 2004 for the Austrian private sector. We find that the share of firms that o not adjust has declined over time, but that the share of entries, exits, growing and...

The paper studies the persistence of the high-growth phenomenon in Austria using social security data for the years 1985 to 2007. The Eurostat-OECD definition is used to identify high-growth firms and a modified Birch Index to identify high-impact firms. Bringing the definitions to the data...

This paper studies the influence of mobility barriers on industry evolution using the stylised pure selection model developed by Metcalfe. It is shown that mobility barriers influence industry dynamics by reducing the speed of competitive selection. Based on the theoretical model, we argue that...

Der Forschungs- und Technologiebericht 2016 ist ein Lagebericht über die aus Bundesmitteln geförderte Forschung, Technologie und Innovation in Österreich und wurde im Auftrag der Bundesministerien für Wissenschaft, Forschung und Wirtschaft (BMWFW) und Verkehr, Innovation und Technologie...

Der Konjunkturaufschwung in den USA strahlt auf die Weltwirtschaft aus, in Europa wird die Belebung jedoch durch die Euro-Aufwertung gebremst. Die Unternehmensumfragen zeigen in Österreich eine mäßige, aber kontinuierliche Aufhellung der Erwartungen. Wesentlich günstiger schätzen die...