Industrial Economics, Innovation and International Competition
Research Group 3 analyses the structure and dynamics of markets, internationalisation strategies, the innovation system and productivity of enterprises, sectors and countries against a background of international competition. The Group focuses especially on the micro- and meso-economic determinants of growth and development. It provides its empirical analysis with an underpinning of thorough knowledge and the application of modern theory, especially industrial economics, innovation theory, international trade theory and growth theory. Its greatest strength is its "interface competence", i.e., its position to link issues and methods of industrial economics, innovation research and foreign trade analysis.
Industrial economics, entrepreneurial dynamism and corporate finance
The research agenda focuses on competition and competitiveness of businesses in different markets. The Group studies the determinants of the process of economic development along industrial dimensions, such as firm foundation and survival, innovation, growth and productivity. These performance indicators are analysed against a policy background. In particular, there is a focus on the functioning and design of competition, industrial and business policies.
Innovation, productivity and technological change
The Group's work concentrates on empirical analyses of innovation at the company, sector and country level, and on the economic policy arrangements of the framework. Through integrating findings from adjoining fields such as regulation, financing and human resources, an interdisciplinary groundwork is provided for analysing the efficiency and effectiveness of innovation systems. The long-term development of the Group's priorities is shaped by an ongoing merger of entrepreneurial innovation, "science" and basic research, and the growing internationalisation of innovation processes. All these aspects are incorporated in the analysis of developments in Austria, where the Group identifies possible inconsistencies and bottlenecks and drafts economic policy recommendations for their elimination. A recent focus is the analysis of links between academic research and industrial innovation from both a governance and an empirical perspective.
The Group's work focuses on the empirical analysis of foreign trade, foreign direct investments and international outsourcing at the country, sector and company level. It includes the analysis of effects of economic integration and globalisation, specialisation patterns in foreign trade, competitiveness and of foreign market potentials. Based on micro-data the Group investigates decisions of firms to serve foreign markets via alternative modes of supply (FDI, exports), the decisions to expand foreign market coverage as well as their choice of destinations and lastly the impact of internationalisation on domestic performance (productivity, growth, innovation or employment). A key focus is on the analysis of trade in services. Another important aspect of the Group's work is its contribution to and collaboration on the international economics project "FIW Research Centre International Economics" as a competence centre for economic policy consulting, scientific analysis, data collection and the organisation of workshops on international trade issues.
Research group co-ordinator
Klaus S. Friesenbichler
- Phone: +43 1 798 26 01 - 296