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  1. Recovery beating expectations
    economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2021

    The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation... mehr

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    The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies to the pandemic and the increasing reluctance of their governments to impose restrictions. Labour markets have recovered, too; labour shortages have been on the rise, albeit, paradoxically, underemployment is still an issue. Despite the recent rise in inflation, driven mostly by supply-side disruptions and energy prices, there have been so far few signs of overheating in the region. The pace of recovery is projected to slow to 3.7% next year and 3.5% in 2023. The risks to this forecast are mostly on the downside, and include particularly unfavourable COVID-19 developments, premature fiscal consolidation, and the upcoming monetary tapering in the US.

     

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  2. Avoiding a trap and embracing the megatrends
    proposals for a new growth model in EU-CEE
    Erschienen: [2021]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Weitere Identifier:
    hdl: 10419/266043
    Schriftenreihe: Research report / wiiw ; 458 (November 2021)
    Schlagworte: EU-CEE; transition; convergence; functional specialisation; digitalisation; green transition; EU; demographics; FDI; industrial policy
    Umfang: 1 Online-Ressource (circa 92 Seiten)
  3. No quick recovery in sight, with coronavirus risks looming large
    economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2020

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    ISBN: 9783852090702; 3852090709
    Weitere Identifier:
    9783852090702
    Schriftenreihe: Forecast Report / wiiw ; Autumn 2020
    Umfang: XIV, 137 Seiten, Illustrationen
  4. How do economies in EU-CEE cope with labour shortages?
    Erschienen: [2021]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    The EU member states in Central and Eastern Europe (EU-CEE) were experiencing rising labour shortages prior to the COVID-19 pandemic, and ongoing demographic decline means that the issue is likely to resurface once the pandemic is over. As a result,... mehr

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    The EU member states in Central and Eastern Europe (EU-CEE) were experiencing rising labour shortages prior to the COVID-19 pandemic, and ongoing demographic decline means that the issue is likely to resurface once the pandemic is over. As a result, the bargaining power of labour has increased, wages have been generally rising ahead of labour productivity, and industrial action (strikes) - the level of which has remained low in recent decades - has emerged in some instances. In the face of labour and skill shortages, people have been investing in education. The share of employees with tertiary education has increased and vocational training has gained in importance, although active labour market policies have been used only selectively. Employers have increasingly been investing in fixed assets, especially in manufacturing, and the degree of robotisation has risen strongly. Despite domestic concerns that automation would generate massive job losses, our findings suggest that capital deepening has taken place faster where labour was in higher demand. Thus, labour was not substituted with capital, but rather the complementary effect prevailed. Employment actually increased in EU-CEE over the past two decades. Employers could hire not only the formerly unemployed, but also the formerly inactive, and used the relaxed immigration policies to attract foreign workers, especially from Ukraine and the Western Balkan countries. Czechia, Hungary, Slovenia and Slovakia have become net receivers of migrants, while in Bulgaria and Poland immigration largely compensates for the natives who go abroad. However, immigration from non-European countries as a general solution to the problem of labour shortages in EU-CEE is highly problematic in the current domestic political context. Overall, both our findings for the EU-CEE region over recent years and the experience of Western Europe during the 'golden age' (1950-1973) suggest that labour shortages are not in themselves an obstacle to rapid structural change and income growth. However, for such an economic model to be sustainable, more active government policies will be needed, such as greater public investment in education and training, higher minimum wages in order to encourage automation, and more extensive welfare networks in order to deal with the possible negative short-run side-effects of automation.

     

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    hdl: 10419/240652
    Schriftenreihe: Research report / wiiw ; 452 (February 2021)
    Schlagworte: labour shortages; trade unions; migration policy; active labour market policy; investment; FS]vocational training; "golden age"; populism
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  5. Uncertainty in turbulent times
    economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report spring 2020
  6. Braced for fallout from global slowdown
    economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2019

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    ISBN: 9783852090689
    Schriftenreihe: Forecast report ; Autumn 2019
    Schlagworte: Internationale Konjunktur; Wirtschaftsprognose; Wirtschaftswachstum; Osteuropa
    Umfang: XVIII, 138 Seiten, Illustrationen
  7. The long way round: lessons from EU-CEE for improving integration and development in the Western Balkans

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    Schlagworte: EU integration; regional integration; Western Balkans; trade; FDI; growth; Albania; Bosnia and Herzegovina; Bulgaria; Croatia; Czechia; Estonia; EU-CEE; Hungary; Kosovo; Latvia; Lithuania; Montenegro; North Macedonia; Poland; Romania; SEE; Serbia; Slovakia; Slovenia
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  8. How do economies in EU-CEE cope with labour shortages?
    study update from wiiw research report 452
    Erschienen: [2022]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    The EU member states in Central and Eastern Europe (EU-CEE) have been experiencing increasing labour shortages, which only briefly subsided in the wake of the COVID-19 pandemic. Ongoing demographic decline suggests that labour shortages will only get... mehr

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    The EU member states in Central and Eastern Europe (EU-CEE) have been experiencing increasing labour shortages, which only briefly subsided in the wake of the COVID-19 pandemic. Ongoing demographic decline suggests that labour shortages will only get stronger over time. As a result, the bargaining power of labour has increased, wages have been generally rising ahead of labour productivity, and industrial action (strikes) - the level of which has remained low in recent decades - has emerged in some instances. In the face of labour and skill shortages, people have been investing in education. The share of employees with tertiary education has increased, and vocational training has gained in importance, although active labour market policies have been used only selectively. Employers have increasingly been investing in fixed assets, especially in manufacturing, and the degree of robotisation has risen strongly. Despite domestic concerns that automation would generate massive job losses, our findings suggest that capital deepening has taken place faster where labour was in higher demand. Thus, labour was not substituted with capital, but rather the complementary effect prevailed. Employment actually increased in EU-CEE over the past two decades - despite the shrinking working-age population. Employers could hire not only the formerly unemployed, but also the formerly inactive, and used the relaxed immigration policies to attract foreign workers, especially from Ukraine and the Western Balkans. Czechia, Hungary, Slovenia and Slovakia and most recently Poland have become net receivers of migrants, while in Bulgaria immigration largely compensates for the natives who go abroad. However, immigration from non-European countries as a general solution to the problem of labour shortages in the region is highly problematic in the current domestic political context. Overall, both our findings for the EU-CEE region over recent years and the experience of Western Europe during the 'golden age' (1950- 1973) suggest that labour shortages are not in themselves an obstacle to rapid structural change and income growth. However, for such an economic model to be sustainable, more active government policies will be needed, such as greater public investment in education and training, higher minimum wages in order to encourage automation, and more extensive welfare networks in order to deal with the possible negative short-run side-effects of automation.

     

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    hdl: 10419/278230
    Schriftenreihe: Research report / wiiw ; 463 (November 2022)
    Schlagworte: labour shortages; trade unions; migration policy; active labour market policy; investment; vocational training; 'golden age'; populism
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  9. Economic and social impacts of FDI in Central, East and Southeast Europe
    Erschienen: [2022]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    This study assesses the economic and social impacts of foreign direct investment (FDI) in 17 economies in Central, East and Southeast Europe (CESEE). More precisely, we investigate how different FDI inflows have affected various economic and social... mehr

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    This study assesses the economic and social impacts of foreign direct investment (FDI) in 17 economies in Central, East and Southeast Europe (CESEE). More precisely, we investigate how different FDI inflows have affected various economic and social indicators, such as GDP growth, labour market outcomes, and poverty and inequality, for the period since the fall of communism until 2020. We pay particular attention to FDI that originates from the EU, as well as FDI from Germany and Austria, in order to evaluate whether their effects are different from the effects of FDI from other places of origin. We also examine whether there are differences in the impacts of different types of FDI - equity capital, reinvested earnings and intra-company debt, as well as of FDI that goes to different sectors of the economy - the primary, secondary and tertiary sectors. We find that FDI inflows have had, in general, a positive effect on economic growth in CESEE, and that this effect has been particularly strong for German and Austrian FDI. For total FDI, higher inflows of 1 percentage point (pp) of GDP are associated with 0.19 pp higher GDP growth. For FDI from Germany and Austria, this effect is five times higher - FDI inflows of 1 pp of GDP have led to 0.9 pp higher GDP growth. The positive GDP effects have come from the higher consumption and exports that the FDI has induced. FDI inflows have also reduced unemployment and increased wages, but have had no effects on labour productivity. Total FDI has had only limited effects on inequality and poverty, but FDI from Germany and Austria has been found to reduce both inequality and poverty, likely because they have benefitted mainly lower-income persons. There are differences in the effects of the different types of FDI, with reinvested earnings and equity capital having in general more beneficial effects than intra-company loans. Also, FDI in different sectors of the economy has had different effects, with inflows to the secondary and tertiary sectors having greater effects than inflows to the primary sector. The policy implications of these results are that CESEE economies should not give up on their efforts to attract more FDI, but also that their endeavours should be more targeted, focusing on investments that have greater economic and social impacts. Moreover, foreign investment should not be criticised for the perhaps unsatisfactory economic and social performances of the economies from this region. Instead, the reasons for this should be sought in domestic factors and in the modest growth of the European Union during the past two decades.

     

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    Weitere Identifier:
    hdl: 10419/278231
    Schriftenreihe: Research report / wiiw ; 464 (November 2022)
    Schlagworte: FDI; growth; unemployment; poverty; inequality; Eastern Europe
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  10. Beitrag der EU-Mittel zur Verringerung des wirtschaftlichen Gefälles in der Europäischen Union
    Studie

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    Sprache: Deutsch
    Medientyp: Ebook
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    ISBN: 9789284671939
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    Umfang: 1 Online-Ressource (VII, IX, 104 Seiten), Diagramme
  11. Industrial policy for a new growth model
    a toolbox for EU-CEE countries
    Erschienen: [2023]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    The EU member states of Central Eastern Europe (EU-CEE) have experienced rapid convergence in the decades following their EU accession, and have built up strong export-oriented manufacturing sectors boosted by foreign direct investment inflows. While... mehr

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    The EU member states of Central Eastern Europe (EU-CEE) have experienced rapid convergence in the decades following their EU accession, and have built up strong export-oriented manufacturing sectors boosted by foreign direct investment inflows. While this growth model has brought many positives, there are indications that it is hitting its limits. Endogenous limits to EU-CEE's growth model are exacerbated by exogenous challenges of the 'twin' (green and digital) transitions, and the fallout of the pandemic and Russian invasion of Ukraine. This reinforces the imperative for EU-CEE to transition to a more innovation-driven, new growth model, enabled by a comprehensive industrial policy. However, the EU-CEE countries have not only lacked a stable and strategic approach to industrial policy in their development paths, but also find themselves in a unique position due to EU membership. As a result, innovation and industrial policies are underdeveloped in the region. Based on an in-depth analysis of the industrial landscape and the industrial policy environment of the region, we propose eight pillars for creating a EU-CEE version of the entrepreneurial state.

     

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    hdl: 10419/278558
    Schriftenreihe: Research report / wiiw ; 469 (July 2023)
    Schlagworte: industrial policy; EU-CEE; convergence; transition; green; digital
    Umfang: 1 Online-Ressource (circa 148 Seiten), Illustrationen
  12. Development and prospects of the basic metals and fabricated metal products sector in the Central and Eastern European countries
    Erschienen: 2002
    Verlag:  Wiener Inst. für Internat. Wirtschaftsvergleiche (WIIW), Wien

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 233370
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    Schriftenreihe: WIIW industry studies ; 2002/1
    Schlagworte: Metallindustrie; Branchenentwicklung; Osteuropa
    Umfang: III, 62 S, graph. Darst
  13. Steigerung der Wettbewerbsfähigkeit in der Balkanregion
    Möglichkeiten und Grenzen
    Erschienen: 2015
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Schriftenreihe: Forschungsbericht / wiiw, Wiener Institut für Internationale Wirtschaftsvergleiche ; 3 (Dezember 2015)
    Schlagworte: Internationaler Wettbewerb; Standortfaktor; Wirtschaftsindikator; Kapitalimport; Auslandsinvestition; Kreditgeschäft; Finanzmarktregulierung; Internationale Arbeitsteilung; Arbeitsmarkt; Dienstleistungssektor; SWOT-Analyse; Südosteuropa
    Umfang: 217 Seiten, Illustrationen
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  14. Economic policy implications of the Belt and Road Initiative for CESEE and Austria
    Erschienen: [2018]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Sprache: Englisch
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    Format: Online
    Weitere Identifier:
    hdl: 10419/204266
    Schriftenreihe: Policy notes and reports ; 23 (June 2018)
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  15. Strong growth amid increased negative risks
    economic analysis and outlook for Central, East and Southeast Europe : wiiw forecast report autumn 2018

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 281363
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    ISBN: 3852090636; 9783852090634
    Weitere Identifier:
    9783852090634
    Schriftenreihe: Forecast report / WIIW ; Autumn 2018
    Schlagworte: Wirtschaftswachstum; Wirtschaftsprognose; Außenhandel; Internationale Wirtschaftsbeziehungen; Wirtschaftsindikator; Osteuropa
    Umfang: XVIII, 163 Seiten, Illustrationen
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    Enthält 34 Beiträge

  16. Is Austria's economy locked-in to the CESEE region?
    a mesoeconomic analysis
    Erschienen: 2018
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Schriftenreihe: Research report / WIIW, The Vienna Institute for International Economic Studies ; 433 (October 2018)
    Schlagworte: Österreich; Volkswirtschaft; Internationaler Wettbewerb; Außenhandel; Außenhandel mit Industriegütern; Dienstleistungshandel; Osteuropa
    Umfang: 61 Seiten, Illustrationen, 30 cm
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  17. Bratislava and Vienna: twin cities with big development potentials
    Erschienen: [2018]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Weitere Identifier:
    hdl: 10419/204267
    Schriftenreihe: Policy notes and reports ; 24 (October 2018)
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  18. Bratislava und Wien: Twin Cities mit großem Entwicklungspotenzial (German language)
    Erschienen: [2018]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Weitere Identifier:
    hdl: 10419/204268
    Schriftenreihe: Policy notes and reports ; 25 (Oktober 2018)
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  19. Austria's economic competitiveness in a neighbourhood context
    is Austria's economy locked-in to the CESEE region?
    Erschienen: [2018]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

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    Weitere Identifier:
    hdl: 10419/204269
    Schriftenreihe: Policy notes and reports ; 26 (October 2018)
    Schlagworte: Internationaler Wettbewerb; Außenhandel mit Industriegütern; Dienstleistungshandel; Österreich; Osteuropa
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  20. Global and regional value chains
    how important, how different?
    Erschienen: [2018]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Schriftenreihe: Research report / WIIW, The Vienna Institute for International Economic Studies ; 427 (April 2018)
    Schlagworte: Wertschöpfung; Internationale Arbeitsteilung; Handelspräferenzen; Internationaler Wettbewerb; Außenhandelselastizität; Welt
    Umfang: 97 Seiten, Illustrationen, 30 cm
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  21. Riding the global growth wave
    economic analysis and outlook for Central, East and Southeast Europe : forecast report

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    C 280232
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    ISBN: 9783852090597
    Schriftenreihe: Forecast report / WIIW ; Spring 2018
    Schlagworte: Wirtschaftswachstum; Lohnniveau; Wirtschaftliche Konvergenz; Bevölkerungsentwicklung; Internationale Arbeitsteilung; Osteuropa
    Umfang: XVIII, 175 Seiten, Illustrationen
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    Enthält 27 Beiträge

  22. CESEE back on track to convergence
    economic analysis and outlook for Central, East and Southeast Europe

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    C 279829
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    ISBN: 9783852090580; 385209058X
    Weitere Identifier:
    9783852090580
    Schriftenreihe: Forecast report / WIIW ; Autumn 2017
    Schlagworte: Wirtschaftswachstum; Wirtschaftliche Konvergenz; Arbeitslosigkeit; Lohnniveau; Inflation; Europäische Integration; Osteuropa
    Umfang: XVIII, 149 Seiten, Illustrationen
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    Enthält 26 Beiträge

  23. Structural adjustment and unit labour cost developments in Europe's periphery
    patterns before and during the crisis
    Erschienen: 2013
    Verlag:  Verein "Wiener Inst. für Internat. Wirtschaftsvergleiche" (WIIW), Wien

    This paper analyses developments in production structures in pre-crisis and during the crisis years in the range of EU "peripheral economies" (i.e. the lower- and medium-income economies in the South and the Centre/East). The emphasis is on the... mehr

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    This paper analyses developments in production structures in pre-crisis and during the crisis years in the range of EU "peripheral economies" (i.e. the lower- and medium-income economies in the South and the Centre/East). The emphasis is on the development of the tradable sector (and manufacturing in particular) relative to non-tradable sectors and whether these are reflected in longer-term trade imbalances. Different groups of economies emerge, some with a strong manufacturing base, others with a very weak one. We investigate whether and to which extent structural readjustments took place during the crisis years and also analyse in detail relative unit labour cost (ULC) developments across sectors. A decomposition analysis shows that ULC developments are mainly driven during the crisis by output and employment adjustments (rather than by labour compensation) posing the question of whether capacity contraction effects might make "weak economies" in the EU's periphery even more "trade balance constrained" in the wake of the crisis.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    RVK Klassifikation: QG 470
    Schriftenreihe: Research reports / Vienna Institute for International Economic Studies ; 390
    Schlagworte: Wirtschaftskrise; Kaufkraftparität; Arbeitskosten; Außenwirtschaftliches Gleichgewicht; Zentrum-Peripherie-Beziehungen; Osteuropa
    Umfang: I, 38 S., graph. Darst., 30 cm
  24. Die Sachgüterproduktion Österreichs
    Entwicklung und gesamtwirtschaftliche Bedeutung im internationalen Vergleich
    Erschienen: 2014
    Verlag:  Kammer für Arbeiter und Angestellte für Wien, Wien

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    Quelle: Verbundkataloge
    Sprache: Deutsch
    Medientyp: Buch (Monographie)
    Format: Druck
    ISBN: 9783706305112
    Schriftenreihe: Materialien zu Wirtschaft und Gesellschaft ; 133
    Schlagworte: Industrieproduktion; Produktivität; Internationale Arbeitsteilung; Österreich; Internationaler Wettbewerb; Welt
    Umfang: 37 Bl., graph. Darst., 30 x 21 cm
  25. The role of services in the new member states
    a comparative analysis based on input-output tables
    Erschienen: 2010
    Verlag:  Verein "Wiener Inst. für Internat. Wirtschaftsvergleiche" (WIIW), Wien

    Literaturverz. S. 77 - 78 mehr

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    Literaturverz. S. 77 - 78

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    RVK Klassifikation: QG 470
    Schriftenreihe: Research reports / Vienna Institute for International Economic Studies ; 366
    Schlagworte: Input-Output-Analyse; Dienstleistungssektor; EU-Mitgliedschaft; Vergleich; Österreich
    Umfang: IV, 87 S., graph. Darst., 30 cm