Labour productivity has remained buoyant in manufacturing but has declined in services and construction. Fostering competition in services and facilitating the transition to the digital economy would make growth more inclusive.
- Reduce barriers to competition in professional services and retail trade.
- Continue to support venture capital investment and reduce tax and other disincentives for equity investments.
- Ensure that competition policy responds to changing threats to competition in digital markets.
- Continue to modernise ICT-related curricula and teaching methods in schools.
- Ensure that higher educational tracks adjust to changing needs through both decentralised innovation and professional co-operation.
- Further develop special life-long learning schemes focussing on digital skills.
Source: OECD May 2017 Economic Outlook database
Towards more gender equality in Austria", OECD Working Paper No. 1273, 2015.
OECD (2016), "Business Start-up Programme", Austria, Inclusive Business Creation, Good Practice Compendium, pp. 61-66.
Productivity - enhancing institutions
There is no single institution dedicated to productivity in Austria but a significant number of national institutions provide analysis on productivity/competitiveness issues to policy makers: