During the last decade, the Austrian labour market experienced a substantial outward shift of the Beveridge curve. Using detailed
administrative data on vacancies and registered unemployed by region and skill level, we test which factors caused this shift.
We find that the Beveridge curve shifted primarily because mismatch increased substantially. Looking on the regional and skill
dimension of mismatch unemployment, we find a substantial increase of mismatch unemployment for manual routine tasks as well
as for the region of Vienna.
Veranstalter: Kompetenzzentrum "Forschungsschwerpunkt Internationale Wirtschaft"
FIW Trade Talks is a series of events organised by the Research Centre International Economics (FIW). International economic
researchers or high-level policy makers are interviewed on current topics in international economics and economic policy.
The Austrian Institute of Economic Research (WIFO) kindly invites to the 91st Euroconstruct conference on 10 to 11 June 2021.
The event will focus on the update of the European construction market forecasts in the wake of the unfolding COVID-19 crisis.
Throughout the event, decision-makers and experts from banking, housing, non-residential construction and civil engineering
will contribute with their expertise. The ongoing tense health situation in Europe again requires that the event is organised
as a webinar. Join this online conference to receive numerous advantages like first-hand construction market information from
the Euroconstruct members and benefit from an interactive participation during question and answer sessions. Furthermore all
participants will receive the Euroconstruct Summary Report before the official sales date on 16 June 2021. More details about
the event will be continuously updated on our conference website.
Veranstalter: Österreichisches Institut für Wirtschaftsforschung
Research question(s): Economic complexity is typically approximated using an economy's gross export structure. Considering
increasingly integrated global value chains, can economic complexity based on value-added exports better explain economic
growth? Do value-added export specialisations convey a different picture of economic development from a network perspective
than gross export specialisations? • Approach (empirical or theoretical models, simulation, etc.): Using value-added
exports and applying non-linear iterative algorithms, I introduce a novel empirical approach to the topic of economic complexity.
Moreover, in analogy to the Product Space, which uses gross exports and maps products to each other based on required capabilities,
value-added exports enable a complementary visualisation of economic development and structural cross-country differences
we refer to as Industry Space. • Data (if empirical, what data is used; level of aggregation; most important variables):
The latest release of the World Input-Output Database is used, which covers 43 countries and 56 industries each for 2000 to
2014. • Main result(s): This approach leads to substantially different complexity rankings compared to established
metrics using gross exports and the explanatory power of GDP per capita growth is considerably higher. Our study on the Industry
Space emphasises the need for value-added exports in analysing economic development by providing evidence that using gross
exports significantly changes the similarities between industries.