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

Journal article | Zeitschriftenartikel

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.

Object Details

• Extent: Seite(n): 31
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Applied Economics

Classification and Topics

• Subject: Wirtschaft ; Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hölzl, Werner ; Reinstaller, Andreas
• Event: Veröffentlichung
• (where): Vereinigtes Königreich
• (when): 2010

Further information

• DOI: https://doi.org/10.1080/00036840903299748
• URN: urn:nbn:de:0168-ssoar-253928
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:26 PM CEST