GWS primarily pursues a macroeconomic and econometric research approach. We favour bottom-up models, in which macroeconomic changes result from events in the individual sectors of the economy.
This mesoeconomic approach looks increasingly important, with long-term economic development accompanied by accelerating structural change.
New sectors and products are appearing at breakneck speed, just as old sectors and products decline in importance. Technological innovation and political decisions exert a major effect on this change.
This affects regional economic development just as much as global economic development. Explaining and analysing this structural change is our core activity.
A real-life focus
Economic and social questions are analysed scientifically such that we are able to provide specific answers which are applicable in practice.
For users, complex analytical instruments are only useful if their mechanisms are visible and comprehensible. For this reason, both GWS’ data set and forecasting model are equipped with special information systems.
The graphical user interface developed by GWS for the various forecasting models allows various scenarios to be run and analysed on the user’s PC.
GWS values fairness and transparency in its dealings with staff and clients.
The increasing complexity of economic issues often necessitates close collaboration with other academic disciplines.
Even the best empirical foundations do not help against misevaluations as a result of structural breaks in the future. The forecasting system is therefore able to incorporate knowledge from experts who are occasionally able to anticipate such events.
Theoretical approaches are empirically tested in the individual model equations. The performance of our models as a whole is tested on the basis of historical simulations and continuously updated.
Since November 16, 2016, GWS is registered at the European Eco-Management and Audit Scheme (EMAS). Participation in the environmental management scheme emphasizes our sustainability approach. The environmental statement according to the current 2021 audit can be found here.
New reports or discussion paper, ongoing projects and the latest developments – find out about GWS news here
5-day training in Kazakhstan on macroeconomic evaluation of climate change impacts and climate change adaptation with the model e3.kz
The hands-on training for the e3.kz model (economy, energy, emission model for Kazakhstan) on macroeconomic evaluation of climate change impacts and climate change adaptation took place in…
Our figure of the month 09/2022: Continuous growth in employment in socially necessary service occupations is not enough
Socially necessary services (SRS) include sectors or branches of the economy that are indispensable for the functioning of our society. The need as well as the provision of these services…
Our figure of the month 08/2022: A development against the trend: growth in the number of apprentices for the occupation of plant mechanic for sanitary, heating, and air-conditioning technology in the last decade
Both the German government's heat pump offensive and the sharp rise in energy prices due to Russia's war against Ukraine are currently boosting demand for heat pumps and solar thermal systems…