IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v43y2011i20p2565-2582.html
   My bibliography  Save this article

On the heterogeneity of sectoral growth and structural dynamics: evidence from Austrian manufacturing industries

Author

Listed:
  • Werner Holzl
  • Andreas Reinstaller

Abstract

This article studies the factors driving structural dynamics across Austrian manufacturing industries. Using a Structural Vector Autoregressive Model (SVAR) framework we identify sectoral labour productivity and demand shocks that are orthogonal to aggregate shocks. We analyse the sectoral impulse-response patterns and find that the effect of industry labour productivity shocks on industry output growth is quite heterogeneous. We devise a taxonomy that allows us to classify industries according to the effect productivity and demand shocks have on output growth. We also show that productivity shocks are quite heterogeneous not just across industries but also over time, whereas shocks to sectoral demand growth are more systematic. We test the taxonomy in a panel regression and are able to confirm our sector-specific findings. Industry demand shocks and aggregate productivity and demand shocks lead always to an increase in industry output and industry employment.

Suggested Citation

  • Werner Holzl & Andreas Reinstaller, 2011. "On the heterogeneity of sectoral growth and structural dynamics: evidence from Austrian manufacturing industries," Applied Economics, Taylor & Francis Journals, vol. 43(20), pages 2565-2582.
    • Handle: RePEc:taf:applec:v:43:y:2011:i:20:p:2565-2582
    DOI: 10.1080/00036840903299748
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840903299748
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036840903299748?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karl Aiginger & Susanne Bärenthaler-Sieber & Johanna Vogel, 2013. "Competitiveness under New Perspectives. WWWforEurope Working Paper No. 44," WIFO Studies, WIFO, number 47019.
    2. repec:wsr:pbrief:y:2016:i:029 is not listed on IDEAS
    3. Karl Aiginger & Susanne Bärenthaler-Sieber & Johanna Vogel, 2015. "Competitiveness of EU versus USA. WWWforEurope Policy Paper No. 29," WIFO Studies, WIFO, number 58553.
    4. Jürgen Janger & Werner Hölzl & Serguei Kaniovski & Johannes Kutsam & Michael Peneder & Andreas Reinstaller & Susanne Bärenthaler-Sieber & Isabel Stadler & Fabian Unterlass, 2011. "Structural Change and the Competitiveness of EU Member States," WIFO Studies, WIFO, number 42956.
    5. Fabian Unterlass, 2013. "The relationship between innovation, exports and economic performance. Empirical evidence for 21 EU countries," EcoMod2013 5655, EcoMod.

    More about this item

    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:taf:applec:v:43:y:2011:i:20:p:2565-2582. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.