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Is Austria’s Economy Locked-in to the CESEE Region? A Mesoeconomic Analysis

Author

Listed:
  • Doris Hanzl-Weiss

    (The Vienna Institute for International Economic Studies, wiiw)

  • Philipp Heimberger

    (The Vienna Institute for International Economic Studies, wiiw)

  • Mario Holzner

    (The Vienna Institute for International Economic Studies, wiiw)

  • Olga Pindyuk

    (The Vienna Institute for International Economic Studies, wiiw)

  • Roman Stöllinger

    (The Vienna Institute for International Economic Studies, wiiw)

Abstract

In this paper we do a detailed analysis of Austrian gross export data at the industry level in order to detect potential trade specialisation lock-in effects vis-à-vis the countries from Central, East and Southeast Europe (CESEE). In addition we analyse Austrian global value added export development, Austrian trade in services as well as the link between industry-specific specialisation lock-in effects and foundational competitiveness of Austria. The main findings are the Austrian global gross export market share has declined since 2004 (the year of the EU eastern enlargement) in all industries, except for pharmaceuticals and chemicals; however, Austria managed to increase its global export market share in terms of value added, primarily through an increase in price competitiveness; Austria’s CESEE potential lock-in effects have stagnated since the outbreak of the global financial crisis, with some negative effects only in the medium-high-tech industries (i.e. to a large extent the automotive sector) on Austria’s competitiveness.

Suggested Citation

  • Doris Hanzl-Weiss & Philipp Heimberger & Mario Holzner & Olga Pindyuk & Roman Stöllinger, 2018. "Is Austria’s Economy Locked-in to the CESEE Region? A Mesoeconomic Analysis," wiiw Research Reports 433, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:433
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    References listed on IDEAS

    as
    1. Mercedes Delgado & Christian Ketels & Michael E. Porter & Scott Stern, 2012. "The Determinants of National Competitiveness," NBER Working Papers 18249, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Mahdi Ghodsi, 2020. "Is Austria’s economy locked-in in the CESEE region? Austria’s competitiveness at the micro-level," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(3), pages 669-693, August.

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    More about this item

    Keywords

    Austria; CESEE; competitiveness; international trade; manufacturing exports; services trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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