A book recently published by Springer provides a comprehensive overview of Austria's competitiveness and sustainable development in an international comparison. It was written by WIFO economists Michael Peneder, Benjamin Bittschi, Anna Burton, Angela Köppl and Thomas Url.

Their study follows the three-pillar model of competitiveness "beyond GDP", which, in addition to key figures on economic performance, also includes aspects of social cohesion and ecological transformation.

The book provides fact-based insights into the current dynamics and challenges facing Austria as a business location. It is based on the WIFO Radar of Competitiveness and a background study from 2023. For this book, the chapter structure and selection of indicators have been revised, and all data sets have been updated and reassessed.

Competitiveness platform

The five research groups at WIFO work across disciplines to leverage WIFO's broad economic expertise for research on relevant topics. One of these thematic platforms is dedicated to competitiveness.

By competitiveness, WIFO means the ability of an economic system to generate permanently high real incomes and to improve social and environmental living conditions under constantly changing and reshaping framework conditions. Empirical findings on the strengths and weaknesses of regions and locations are important indicators for the success of economic policy, while also highlighting the need for reform.

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