New indicators of competitiveness: the Austrian perspective
Maria Silgoner and
Chapter 4 in Boosting European Competitiveness, 2016, pp 39-47 from Edward Elgar Publishing
Traditionally the assessment of the competitiveness position of a country focuses on price and cost measures and on goods exports. However, in the last two decades globalization has changed the production processes fundamentally. Hence, these traditional indicators and rankings deliver only an incomplete explanation for the export success of countries. Based on the example of Austria, a small open economy, the authors show that these changing trade patterns require new competitiveness indicators, accounting for the growing importance of global value chains, services exports and non-price factors of competitiveness.
Keywords: Economics and Finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17217_4
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