This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis
allows one to uncover regularities that are not detectable in firm-level studies. It is found that lower mobility barriers,
firm exits and technological opportunities, measured by digitalization intensities, and, to a lesser extent, agglomeration
effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth
firm across countries and regions should consider differences in the industrial structures together with the often-emphasized
differences in policies and regulations.
We apply the tradable-nontradable framework to evaluate the lack of convergence in labour productivity among EU Member States.
Our results show that increases in overall productivity are primarily due to the tradable and not the nontradable sectors
of production. The low productivity growth in peripheral EU countries before the crisis was accompanied by a sharp increase
in the production of nontradables (i.e., nontradable goods and services) relative to other EU countries. We identify differences
in the legal systems and the quality of public institutions, among others, as factors relevant for explaining the observed
productivity growth differentials. Our findings have implications for the European Commission's macroeconomic imbalance procedures
since the tradable-nontradable approach allows identifying patterns of real divergence on a disaggregated level.
Book chapters, contributions to collected volumes, Routledge, London–New York, January 2019, pp.227-245
Chapter 13, "Regional structural policies and industrial evolution: evidence from three European case study regions" (Klaus
S. Friesenbichler) addresses the question of why some less-favoured regions escaped their structural problems, while others
did not. It provides case study evidence on three EU regions that have faced structural challenges at some point in recent
history: Styria in Austria, Bucharest Ilfov in Romania and Valencia in Spain. Both regional economic policies and the evolution
of the industry structures are discussed against an evolutionary economics background, focusing on path dependence, diversification
processes and human capital formation. The findings suggest a series of conclusions for smart specialisation policies aimed
at escaping structural lock-ins.