“The most serious mistakes are not being made as a result of wrong answers but as a result of asking the wrong questions.”
Kiel Economics | research and consulting services
Business decisions are strongly affected by the macroeconomic environment. Appropriate strategies, objectives, and measures, therefore, require two things. Firstly, prompt and comprehensive information, and secondly, an analytical framework that reveals the relevance of actual or expected changes which influence business decisions. Kiel Economics offers both.
Kiel Economics advises public institutions, financial firms, and various industries. Our advisory covers data management, analyses, forecasts, scenarios of regional and global macroeconomic environment, and its effects on microeconomic decisions. Furthermore, Kiel Economics develops and distributes computer-aided analytic tools which allow our clients to make their own analyses, forecasts, and scenarios.
Kiel Economics | economics put into practice
Kiel Economics is a spin-off from the renowned Kiel Institute for the World Economy (IfW). Kiel Economics staffs rank among the leading economic forecasters in Germany. They contribute their expertise to the Joint Economic Forecasts of major German economic research institutes which are published every spring and autumn.
In a study for the BBSR on the background to stagnating labor productivity in the construction industry, we conclude that this is due to the low level of technical progress in the sector. As the problem is also found in other countries, it appears to be a general phenomenon in the production of buildings. The low level of progress also makes capital deepening economically unattractive. Greater use of digital forms of collaboration, such as the use of building information models, could stimulate productivity (German only).