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Further publications: Klaus S. Friesenbichler (29 hits)

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.
Vortrag, 11.-12.11.2019
WIFO-Workshop with STATEC in Vienna (Austria), joint paper with Andreas Reinstaller
Organised by: National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg
Vortrag, 1.-3.10.2019
Organised by: Scuola superiore Sant'Anna
Vortrag, 13.9.2019
Joint Paper with Agnes Kügler and Andreas Reinstaller
Organised by: European Network on the Economics of the Firm
Book chapters, contributions to collected volumes, April 2019, pp.65-68
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.
Vortrag, 27.2.2019
Haus der Industrie
Organised by: Finanz- und Wirtschaftspolitischer Ausschuss
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.