IDEAS home Printed from https://ideas.repec.org/a/wfo/monber/y2019i3p173-182.html
   My bibliography  Save this article

Produkteinführungen österreichischer Unternehmen und Konjunkturschwankungen

Author

Listed:
  • Andreas Reinstaller

    (WIFO)

Abstract

Die im Rahmen des WIFO-Konjunkturtests erhobenen Daten zu Produkteinführungen von Unternehmen in der österreichischen Sachgütererzeugung, die hier erstmals präsentiert werden, erlauben eine Analyse der Anpassung des Unternehmensverhaltens bei der Einführung neuer Produkte an die Konjunkturlage. Demnach schwankt die Wahrscheinlichkeit, neue Produkte auf dem Markt einzuführen, prozyklisch und die Zahl der eingeführten Produkte antizyklisch. Unternehmen versuchen, ihre Aufwendungen für Produktinnovationen über die Zeit konstant zu halten. Bei der Einführung neuer Produkte steigt der Finanzierungsbedarf: Der Zeitpunkt der Aufnahme neuer Bankkredite korreliert positiv mit dem der Einführung neuer Produkte. Finanzierungsbeschränkungen wirken sich negativ auf die Einführung neuer Produkte aus.

Suggested Citation

  • Andreas Reinstaller, 2019. "Produkteinführungen österreichischer Unternehmen und Konjunkturschwankungen," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(3), pages 173-182, March.
  • Handle: RePEc:wfo:monber:y:2019:i:3:p:173-182
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/61702
    File Function: abstract
    Download Restriction: Payment required
    ---><---

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

    References listed on IDEAS

    as
    1. repec:fth:harver:1473 is not listed on IDEAS
    2. Werner Hölzl & Gerhard Schwarz, 2014. "Der WIFO-Konjunkturtest: Methodik und Prognoseeigenschaften," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(12), pages 835-850, December.
    3. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    4. Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilberte Cette & Laurent Eymard, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from Micro Panel data," PSE-Ecole d'économie de Paris (Postprint) halshs-00754573, HAL.
    5. Archibugi, Daniele & Filippetti, Andrea & Frenz, Marion, 2013. "The impact of the economic crisis on innovation: Evidence from Europe," Technological Forecasting and Social Change, Elsevier, vol. 80(7), pages 1247-1260.
    6. Filippetti, Andrea & Archibugi, Daniele, 2011. "Innovation in times of crisis: National Systems of Innovation, structure, and demand," Research Policy, Elsevier, vol. 40(2), pages 179-192, March.
    7. Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilbert Cette & Laurent Eymard, 2012. "Credit Constraints And The Cyclicality Of R&D Investment: Evidence From France," Journal of the European Economic Association, European Economic Association, vol. 10(5), pages 1001-1024, October.
    8. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343, National Bureau of Economic Research, Inc.
    9. Gadi Barlevy, 2007. "On the Cyclicality of Research and Development," American Economic Review, American Economic Association, vol. 97(4), pages 1131-1164, September.
    10. Zouaghi, Ferdaous & Sánchez, Mercedes & Martínez, Marian García, 2018. "Did the global financial crisis impact firms' innovation performance? The role of internal and external knowledge capabilities in high and low tech industries," Technological Forecasting and Social Change, Elsevier, vol. 132(C), pages 92-104.
    11. Geroski, P A & Walters, C F, 1995. "Innovative Activity over the Business Cycle," Economic Journal, Royal Economic Society, vol. 105(431), pages 916-928, July.
    12. Gali, J. & Hammour, J.L., 1992. "Long Run Effects of Business Cycles," Papers 92-26, Columbia - Graduate School of Business.
    13. Kira R. Fabrizio & Ulya Tsolmon, 2014. "An Empirical Examination of the Procyclicality of R&D Investment and Innovation," The Review of Economics and Statistics, MIT Press, vol. 96(4), pages 662-675, October.
    14. Joseph E. Stiglitz, 1993. "Endogenous Growth and Cycles," NBER Working Papers 4286, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Andreas Reinstaller, 2022. "Strong Increase in Innovation Spending by Austrian Companies in the Second Year of the COVID-19 Pandemic," WIFO Reports on Austria, WIFO, issue 5, April.
    2. Klaus Friesenbichler & Jürgen Janger & Agnes Kügler & Andreas Reinstaller, 2020. "Auswirkungen der COVID-19-Pandemie auf die Forschungs- und Innovationsaktivität," WIFO Studies, WIFO, number 66049.
    3. Andreas Reinstaller, 2021. "COVID-19-Krise dämpft die Innovationstätigkeit österreichischer Unternehmen. Ergebnisse des WIFO-Konjunkturtests vom Dezember 2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(2), pages 127-138, February.
    4. Kathrin Hofmann & Agnes Kügler & Nicole Schmidt-Padickakudy, 2024. "Unternehmensausgaben für neue Produkte dürften 2024 nur schwach wachsen," WIFO Monatsberichte (monthly reports), WIFO, vol. 97(4), pages 151-163, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wifo, 2019. "WIFO-Monatsberichte, Heft 3/2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(3), March.
    2. Andreas Reinstaller, 2022. "Auswirkungen der COVID-19-Pandemie auf die Innovationsfähigkeit von Unternehmen in Österreich," WIFO Studies, WIFO, number 69398.
    3. Isabel Busom & Jorge-Andrés Vélez-Ospina, 2021. "Subsidising innovation over the business cycle," Industry and Innovation, Taylor & Francis Journals, vol. 28(6), pages 773-803, July.
    4. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    5. Armand, Alex & Mendi, Pedro, 2018. "Demand drops and innovation investments: Evidence from the Great Recession in Spain," Research Policy, Elsevier, vol. 47(7), pages 1321-1333.
    6. Teplykh, Grigorii & Galimardanov, Amal, 2017. "Modeling of innovative investment in Russian regions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 46, pages 104-125.
    7. Makridis, Christos A. & McGuire, Erin, 2023. "The quality of innovation “Booms” during “Busts”," Research Policy, Elsevier, vol. 52(1).
    8. Silvestri, Daniela & Riccaboni, Massimo & Della Malva, Antonio, 2018. "Sailing in all winds: Technological search over the business cycle," Research Policy, Elsevier, vol. 47(10), pages 1933-1944.
    9. Ahmad, Manzoor, 2021. "Non-linear dynamics of innovation activities over the business cycles: Empirical evidence from OECD economies," Technology in Society, Elsevier, vol. 67(C).
    10. Pellens, Maikel & Peters, Bettina & Hud, Martin & Rammer, Christian & Licht, Georg, 2018. "Public investment in R&D in reaction to economic crises: A longitudinal study for OECD countries," ZEW Discussion Papers 18-005, ZEW - Leibniz Centre for European Economic Research.
    11. Hans van Ophem & Noud van Giersbergen & Kees Jan van Garderen & Maurice Bun, 2019. "The cyclicality of R&D investment revisited," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(2), pages 315-324, March.
    12. Bernhard Dachs & Martin Hud & Christian Köhler & Bettina Peters, 2016. "Employment Effects of Innovations over the Business Cycle: Firm-Level Evidence from European Countries," DEM Discussion Paper Series 16-20, Department of Economics at the University of Luxembourg.
    13. Vicente Salas-Fumás & Javier Ortiz, 2019. "Innovations’ Success and Failure in the Business Cycle," Sustainability, MDPI, vol. 11(15), pages 1-22, August.
    14. Juliana Yu Sun & Huanhuan Zheng, 2024. "Cross‐border technology investments in recession," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(1), pages 297-330, February.
    15. Krammer, Sorin M.S., 2022. "Navigating the New Normal: Which firms have adapted better to the COVID-19 disruption?," Technovation, Elsevier, vol. 110(C).
    16. Anna Wziątek-Kubiak & Marek Pęczkowski, 2021. "Strengthening the Innovation Resilience of Polish Manufacturing Firms in Unstable Environments," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 716-739, June.
    17. Cefis, Elena & Coad, Alex & Lucini-Paioni, Alessandro, 2023. "Landmarks as lighthouses: firms' innovation and modes of exit during the business cycle," Research Policy, Elsevier, vol. 52(8).
    18. Blomkvist, Katarina & Kappen, Philip & Zander, Ivo, 2023. "Weathering storms – Technological exploration of MNCs in times of financial crisis," Journal of World Business, Elsevier, vol. 58(2).
    19. Katharina Friz & Jutta Günther, 2020. "Innovation and Economic Crisis in Transition Economies," Bremen Papers on Economics & Innovation 2014, University of Bremen, Faculty of Business Studies and Economics.
    20. Giebel, Marek & Kraft, Kornelius, 2017. "External financing constraints and firm's innovative activities during the financial crisis," ZEW Discussion Papers 17-064, ZEW - Leibniz Centre for European Economic Research.

    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:wfo:monber:y:2019:i:3:p:173-182. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    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.