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Austria's "Technology Gap" in Foreign Trade

Author

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  • Gernot Hutschenreiter

    (WIFO)

  • Michael Peneder

Abstract

Compared with other industrialized countries, Austria exhibits a substantial "technology gap" in foreign trade that is revealed in a low share of high-technology products in manufacturing exports and in low unit values. The resulting deficit in foreign trade with high-technology products totaled almost ATS 22 billion in 1994. A positive structural change has been taking place, however, over the last two decades. In order to accelerate this shift toward technologically more sophisticated products, the ratio of research expenditures to GDP will need to be raised from the current 1.5 percent to the EU average of 2 percent. The additional funds required to achieve this goal over the period of six years total some ATS 40 billion.

Suggested Citation

  • Gernot Hutschenreiter & Michael Peneder, 1997. "Austria's "Technology Gap" in Foreign Trade," Austrian Economic Quarterly, WIFO, vol. 2(2), pages 75-86, April.
    • Handle: RePEc:wfo:wquart:y:1997:i:2:p:75-86
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    Citations

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    Cited by:

    1. Fritz Schebeck & Andrea Weber, 1999. "Austrian Economy Prepared for EMU. Medium-term Projection for the Austrian Economy Until 2002," Austrian Economic Quarterly, WIFO, vol. 4(1), pages 21-29, January.
    2. Jan Stankovsky & Yvonne Wolfmayr, 2004. "Interessante Absatzmärkte und Exportpotentiale für die österreichische Industrie," WIFO Monatsberichte (monthly reports), WIFO, vol. 77(6), pages 473-490, June.
    3. Yvonne Wolfmayr & Kurt Kratena & Peter Mayerhofer & Jan Stankovsky, 2006. "Teilstudie 13: Exporte von Waren und Dienstleistungen stärken die Nachfrage," WIFO Studies, WIFO, number 27452.
    4. Yvonne Wolfmayr, 2008. "Trade Barriers in Services and Competitive Strengths in the Austrian Service Sector. An Analysis at the Detailed Sector Level," WIFO Studies, WIFO, number 34223.
    5. Gunther Tichy, 2016. "Persistente Strukturprobleme trotz zutreffender Strukturprognosen," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(8), pages 553-571, August.
    6. Gunther Tichy, 2015. "Wirtschaftsstandort Österreich – von der "Überholspur" aufs "Abstellgleis"," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(8), pages 635-648, August.
    7. Hannes Leo, 1999. "Austria's Performance in the Area of Innovation and Research. An International Comparison," Austrian Economic Quarterly, WIFO, vol. 4(3), pages 195-202, July.
    8. Dachs, Bernhard & Drach, Andreas, 2018. "Forschung und Entwicklung im österreichischen Unternehmenssektor in langfristiger Perspektive: Starkes Wachstum, aber alles beim Alten? [Research and development in the Austrian business sector in ," MPRA Paper 87000, University Library of Munich, Germany.
    9. Michael Peneder & Karl Aiginger & Gernot Hutschenreiter & Markus Marterbauer, 2001. "Structural Change and Economic Growth," WIFO Studies, WIFO, number 20668.

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