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Exports, Services and Value Added. A National, International and Regional Analysis for Austria

Author

Listed:
  • Oliver Fritz
  • Robert Hierländer

    (WIFO)

  • Nikolaus Bayerl

    (Statistics Austria)

  • Gerhard Streicher

Abstract

Globalisation implies a more intensely intermeshed network of trade; accordingly, the import of purchased materials and services by producers of goods and services should thus grow and the domestic value-added decline, as is foreseen by the Basar hypothesis. Numerous indicators point at "Basar elements" in Austria: imports are growing (at the expense of local value added), production depth and investment rate are declining. So far, such changes in the export structure appear not to have negatively impacted on the development of the Austrian economy in general: the fall in value added intensity has (so far) been compensated by the strong growth of exports. Nevertheless, the share of company profits is growing at the expense of wages and salaries. The export-induced share of employment has increased at the expense of employment induced by private and public consumption. Service exports have grown in importance. Through supplying their services, service providers are profiting from goods exports more than they did in the past. In contrast, manufacturing as a proportion of the overall export-induced value added has declined. If service exports continue to gain in weight this could compensate for the erosion of value added from exports. Seen from a regional aspect, the value added by exports benefits chiefly the exporting region: some 57 percent of exported goods remain in the region, and the figure goes up to 63 percent with regard to services.

Suggested Citation

  • Oliver Fritz & Robert Hierländer & Nikolaus Bayerl & Gerhard Streicher, 2008. "Exports, Services and Value Added. A National, International and Regional Analysis for Austria," WIFO Studies, WIFO, number 34224.
  • Handle: RePEc:wfo:wstudy:34224
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    References listed on IDEAS

    as
    1. Koen De Backer & Norihiko Yamano, 2007. "The Measurement of Globalisation using International Input-Output Tables," OECD Science, Technology and Industry Working Papers 2007/8, OECD Publishing.
    2. Oliver Fritz & Gerhard Streicher & Gerold Zakarias, 2005. "MultiREG – ein multiregionales, multisektorales Prognose- und Analysemodell für Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 78(8), pages 571-584, August.
    3. Kurt Kratena & Gerold Zakarias, 2001. "MULTIMAC IV: A Disaggregated Econometric Model of the Austrian Economy," WIFO Working Papers 160, WIFO.
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    Keywords

    FIW trade in services;

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