About this article
Published Online: Oct 23, 2024
Page range: 40 - 47
DOI: https://doi.org/10.2478/wpbl-2024-0009
Keywords
© 2024 Werner Hölzl et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
The rise in energy prices in 2021/22 put the competitiveness of Austrian manufacturing industry to the test. Model-based simulations and an enterprise survey were carried out to analyze the medium-term effects of high energy prices. The results show that the cost disadvantages in international competition induced by energy price increases will lead to a decline in industrial production and employment in the medium term and increase the risk of relocation of energy-intensive production.