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.
The Research Group's projects and publications