Export für Ihre Literaturverwaltung

Übernahme per Copy & Paste
Bibtex-Export
Endnote-Export

       

Weiterempfehlen

Bookmark and Share


On the heterogeneity of sectoral growth and structural dynamics : Evidence from Austrian manufacturing industries

[Zeitschriftenartikel]

Hölzl, Werner; Reinstaller, Andreas

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-253928

Weitere Angaben:
Abstract This paper studies the factors driving structural dynamics across Austrian manufacturing industries. Using a SVAR framework we identify sectoral labor productivity and demand shocks that are orthogonal to aggregate shocks. We analyze the sectoral impulse-response patterns and find that the effect of industry labor productivity shocks on industry output growth is quite heterogeneous. We devise a taxonomy that allows us to classify industries according to the effect productivity and demand shocks have on output growth. We also show that productivity shocks are quite heterogeneous not just across industries but also over time, whereas shocks to sectoral demand growth are more systematic. We test the taxonomy in a panel regression and are able to confirm our sector specific findings. Industry demand shocks and aggregate productivity and demand shocks lead always to an increase in industry output and industry employment.
Klassifikation Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Freie Schlagwörter sectoral output growth; productivity shocks; demand shocks; structural change; sectoral taxonomy
Sprache Dokument Englisch
Publikationsjahr 2010
Seitenangabe 31 S.
Zeitschriftentitel Applied Economics (2010)
DOI http://dx.doi.org/10.1080/00036840903299748
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
top