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Weitere%20Publikationen:%20Klaus%20S.%20Friesenbichler (18 hits)

Wir gehen der Frage nach, inwiefern die unterschiedlichen makroökonomischen Wachstumsraten in den EU-Ländern durch Nachfragemuster gespiegelt werden. Wir nutzen die Dichotomie von handelbaren und nicht handelbaren Gütern, um die Diskussion zu strukturieren. Es zeigt sich ein leichter Nachfragetrend hin zu nicht handelbaren Gütern. Innerhalb der Produktion von handelbaren Gütern ist eine Verlagerung von der inländischen Produktion hin zum internationalen Handel zu beobachten. Insbesondere unter den CEE-Ländern gewannen Handelspartner innerhalb der EU an Bedeutung, wodurch es zu einer tieferen Integration in den Binnenmarkt kam. In den EU-Kernländern erweitern die Unternehmen ihre geographische Reichweite und konzentrieren sich zunehmend auf Märkte außerhalb der EU. Die Volkswirtschaften an der Peripherie blieben konstant schlecht integriert. Für die EU insgesamt bedeutet das, dass sowohl die Intra- als auch die Extra-EU-Exporte zugenommen haben. Aus diesen Ergebnissen lassen sich schließlich einige grobe wirtschaftspolitische Schlussfolgerungen ableiten.
While all EU economies witnessed a sharp decline in output during the financial crisis, the peripheral EU countries were particularly hard hit. This is surprising, given their sound macroeconomic performance prior to the crisis. It became obvious that imbalances had been building up underneath a seemingly tranquil macroeconomic surface. We argue that the underlying mechanisms are mirrored by productivity developments in a tradable-non-tradable framework. Countries that were severely affected not only exhibited low productivity growth in tradables (e.g., manufacturing), but also experienced a sharp increase in the production of non-tradables (e.g., real estate) before the crisis.
Do more highly work-engaged managers contribute to firm performance? Leaning on the resource-based view, we propose managerial work engagement as a resource relevant to firm performance. Data from a representative survey of managers in Bangladesh support this and illuminate the role of the wider context in predicting work engagement. In less-corrupt environments with a more humane leadership culture, work engagement is more prevalent. In addition, individual work engagement is driven by firm-level factors and contributes independently to firm performance. This illustrates the mutual dependency between an individual manager's work engagement and microeconomic determinants of firm performance.
We empirically explore the effect of broad firm strategies on firm growth using a representative sample of manufacturing firms from the European Community Innovation Survey 2012. We consider broad strategies related to innovation and marketing, cost efficiency, building alliances with other firms and institutions, organisational flexibility, and new geographical markets as explanatory factors of firm growth. Splitting our sample into frontier economies and catching-up countries accounts for different contexts that affect the interplay of strategy and firm growth. We implement quantile regressions to estimate conditional coefficients across the distribution of employment-based firm growth rates. High firm growth in frontier countries is associated with innovation, strategic alliances, and organisational flexibility. High firm growth in catching-up economies is supported by internationalisation strategies and strategic alliances. We find in addition that in catch-up countries being part of a foreign owned firm is conducive to high growth. Cost savings are negatively associated with firm growth in both country groups and marketing strategies do not seem to be associated with rapid firm growth.
Survey data on corruption are widely used to construct corruption indices, but are hardly questioned. How do individual experiences shape perceptions of corruption? Do more work-engaged respondents perceive corruption as a bigger obstacle to business operations than others? What role does answer bias play in corruption surveys? This article brings together several strands of literature to discuss these questions, and tests them empirically with survey data from Bangladesh and Sri Lanka. We find that individuals who are more work engaged report corruption as a bigger obstacle. So did respondents who were previously exposed to corruption. We control for possible answer bias by implementing a randomised response technique, and find that corruption tends to be under-reported. The effects of work engagement and prior exposure to corruption are more pronounced when the bias indicator is considered, and again become stronger once we control for answer bias affecting past experiences with corruption.
in: Aktuelle volkswirtschaftliche Fragen im Rahmen von internationaler Wirtschaft und Europäischer Integration
Der Vortrag diskutiert die Zusammenhänge zwischen Außenwirtschaft und Entwicklungspolitik und betrachtet die Institutionen als Voraussetzung für funktionierenden Freihandel. Zudem wird ein Überblick über EU-Strategien gegeben, wobei auch auf den "Wettstreit der Entwicklungsmodelle" eingegangen wird.
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