IWH was inaugurated following an agreement between the German Federal Government and Saxony-Anhalt, where the institute is based. Of the six main German economic research institutes, IWH is the only one located in East Germany. The institute is a private institution and exclusively pursues nonprofit scientific aims. In fulfilling its institutional functions, IWH secures its operations primarily with public support supplemented by the partial external funding of research projects. The statutory mission of the institute is to observe and assess national and international economic processes. With its own periodical publications, IWH aims to support German public administration, the scientific community, and decision-makers concerned with the German economy. A particular base of work at IWH is the undertaking of scientific research that constitutes the necessary background against which economic policy decisions can be made. Additionally, the institute supplies a significant amount of statistical data by supplementing official statistics with its own data, collected and generated by its researchers.
Areas of focus
Founder gender: Other entities
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