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Industrial Economics, Innovation and International Competition

Books, journals and papers (873 hits)

The paper introduces a novel indicator of technological relatedness across firms. It considers both imported inputs and exported products to assess the similarity of firms in terms of their technological capabilities in Austria. The indicator captures technological similarity more closely than measures relying solely on exported products or overlapping industry classes. Descriptive results indicate that companies that are more closely related in the import-export product space also export and import more complex products. More complex products in turn are related to higher labor productivity levels. The impact of the proposed measure for bilateral corporate coherence on the production costs of firms is assessed by firm-level quadratic cost functions. The results indicate that bilateral coherence and related spillovers have a significant negative impact on the total cost of production of firms on average. The associated cost reduction effect follows a mildly U-shaped pattern. The paper also assesses the impact of bilateral coherence on the margins of trade at the firm level. The results indicate that firms with a higher bilateral coherence, and associated spillovers, have a positive impact on the diversification of both the export portfolio and imported inputs. The impacts on intensive margins and both import and export concentration are more ambiguous.
Der Westen droht Russland mit scharfen Sanktionen wegen der militärischen Aggressionen in der Ukraine. Wie wirksam sind Sanktionen? Wieviel kosten sie? Welche Möglichkeiten gibt es, was sind die gegenseitigen Abhängigkeiten?
IPCEI ermöglichen die großvolumige Förderung von transformativen Technologien in einem transnationalen Kontext und bedürfen als Ausnahmen von den beihilferechtlichen Regeln der EU einer Bestätigung durch die Europäische Kommission. Diese Projekte gewinnen als Instrument sowohl der Industriepolitik als auch der Klima-, Umwelt-, Verkehrs- und Energiepolitik zunehmend an Bedeutung. Im Zuge der Neufassung der entsprechenden EU-Mitteilung wurde in Österreich ein breiter Stakeholder-Prozess durchgeführt. Für die Politik in Österreich ergibt sich die Aufgabe, ihre Positionen in die europäischen Diskussionen zur Definition der Wertschöpfungsketten aktiv einzubringen, die Beteiligung an entsprechenden IPCEI-Konsortien abzusichern und die potentiellen Teilnehmerinnen und Teilnehmer in den vorbereitenden Prozessen bestmöglich zu unterstützen.
Wirtschaftsdienst, 2022, 102, (2), pp.70-71,
Journal of Evolutionary Economics, 2022, 32, (1), 5 pages, pp.3-7,
Throughout the history of monetary thought, economists have predominantly emphasised the function of money as a medium of exchange along with the intrinsic properties that enhance its saleability and credibility as the most liquid store of value. But the social institution of money co-evolves with technology. It is significant that the advent of digital crypto currencies was initiated by computer scientists and has taken economists completely by surprise. As a consequence, it also forces our profession to rethink the basic phenomenology of money. In accordance with the views of Wieser and Schumpeter, digitization brings to the fore the immaterial function of money as a standard of value and social technology of account, which increasingly absorbs its function as a medium of exchange. The potential impact of this on economic policy is huge. The variety of different crypto coins has proven the technical feasibility of competing private currencies as proposed by Hayek. In the long term, however, there is reason to doubt the persistence of intense competition. One must fear that major digital platforms will extend their current dominance in multisided virtual marketplaces to include digital payments and money. Central banks are increasingly anxious to preserve public sovereignty over the common unit of account and are considering issuing their own digital fiat money. After the current era of intense creative experimentation, the potentially new spontaneous order of private crypto currencies is likely to be supplanted by central bank digital currencies (CBDCs), the design of which will depend on deliberate public choices and policies.
WiST Wirtschaftswissenschaftliches Studium, 2022, 51, (4), pp.1-9