Zentrum für europäische Wirtschaftsforschung
Encyclopedia
The Centre for European Economic Research (ZEW) in Mannheim
is an economic research institute and a member of the Gottfried Wilhelm Leibniz Scientific Community. Under the leadership of Prof. Dr. Dr. h.c. mult. Wolfgang Franz
, president of the Institute, and Thomas Kohl, director of business and administration, ZEW employs a staff of 180. ZEW is one of Europe’s leading economic research institutes.
ZEW is subdivided into seven research units:
• International Finance and Financial Management
• Labour Markets, Human Resources and Social Policy
• Industrial Economics and International Management
• Corporate Taxation and Public Finance
• Environmental and Resource Economics, Environmental Management
• Information and Communication Technologies
• Growth and Business Cycle Analysis
ZEW pursues four key objectives:
• To conduct research of the highest quality
• To provide exceptional economic policy advising
• To train young economists, and
• To inform the professional and lay public
ZEW’s guiding mission is to study the optimal performance of markets and institutions in Europe
. ZEW’s expertise lies particularly in the area of applied microeconometrics
and in computable general equilibrium
models. Research findings are presented at conferences and published in scientific journals. ZEW also contributes to current political and economic discussions by issuing a variety of its own publications. Furthermore it is offering seminars.
Special attention is paid to the monthly published ZEW Indicator of Economic Sentiment. It is a leading indicator for the German economy. The survey also asks for the expectations for the Euro-zone, Japan, Great Britain and the US.
ZEW is funded in part by the Federal State of Baden-Württemberg
. Since 2005, the Institute has also received basic funding from a partnership between the German federal and state governments. More than 40 per cent of the Institute’s financial resources are obtained from research contracts for third parties, including the European Commission
, ministries, and institutions of the federal and state governments, as well as companies, associations, and local authorities.
Mannheim
Mannheim is a city in southwestern Germany. With about 315,000 inhabitants, Mannheim is the second-largest city in the Bundesland of Baden-Württemberg, following the capital city of Stuttgart....
is an economic research institute and a member of the Gottfried Wilhelm Leibniz Scientific Community. Under the leadership of Prof. Dr. Dr. h.c. mult. Wolfgang Franz
Wolfgang Franz
Wolfgang Franz is a German economist. He is professor of economics at the University of Mannheim. Franz also is the chairman of the German Council of Economic Experts since March 2009....
, president of the Institute, and Thomas Kohl, director of business and administration, ZEW employs a staff of 180. ZEW is one of Europe’s leading economic research institutes.
ZEW is subdivided into seven research units:
• International Finance and Financial Management
• Labour Markets, Human Resources and Social Policy
• Industrial Economics and International Management
• Corporate Taxation and Public Finance
• Environmental and Resource Economics, Environmental Management
• Information and Communication Technologies
• Growth and Business Cycle Analysis
ZEW pursues four key objectives:
• To conduct research of the highest quality
• To provide exceptional economic policy advising
• To train young economists, and
• To inform the professional and lay public
ZEW’s guiding mission is to study the optimal performance of markets and institutions in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. ZEW’s expertise lies particularly in the area of applied microeconometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
and in computable general equilibrium
Computable general equilibrium
Computable general equilibrium models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors...
models. Research findings are presented at conferences and published in scientific journals. ZEW also contributes to current political and economic discussions by issuing a variety of its own publications. Furthermore it is offering seminars.
Special attention is paid to the monthly published ZEW Indicator of Economic Sentiment. It is a leading indicator for the German economy. The survey also asks for the expectations for the Euro-zone, Japan, Great Britain and the US.
ZEW is funded in part by the Federal State of Baden-Württemberg
Baden-Württemberg
Baden-Württemberg is one of the 16 states of Germany. Baden-Württemberg is in the southwestern part of the country to the east of the Upper Rhine, and is the third largest in both area and population of Germany's sixteen states, with an area of and 10.7 million inhabitants...
. Since 2005, the Institute has also received basic funding from a partnership between the German federal and state governments. More than 40 per cent of the Institute’s financial resources are obtained from research contracts for third parties, including the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
, ministries, and institutions of the federal and state governments, as well as companies, associations, and local authorities.