The Institute of Economic Research belongs to one of the institutes established right after the creation of the Slovak Academy of Sciences in 1953. During its existence for the last five decades, the Institute has been transformed several times in order to adjust its research activities to the challenges of the days. These adjustments in the research activities had an impact on the name of the Institute itself: The Institute functioned under the following names: Institute of Economic Theory (January 1, 1991 to June 30, 1993) and Institute of Slovak and World Economy (January 1, 1998 to December 31, 2005).
In recent periods the Institute undertakes national-economy oriented economic research which focuses on finding answers for the state, functioning, and directions of the Slovak economy. The research also encompasses utilization and cultivation of the country’s potential, finding ways and resources that minimize risks and threats of Slovakia’s development during the completion of transformation process in the context of globalization and integration. The Institute’s research integrates theory with empirical tools.
The Institute’s current research activities address the following areas:
- Globalization, integration and adaptation processes in the world economy in general and European economies in particular.
- Processes and policies affecting the social-economic development of Slovakia and its regions.
- Macroeconomic policies in relation to stability and macroeconomic growth in the national and regional context.
- Processes and policies that foster knowledge-based economy.
- Relationship between economic policy of the state and the development of the business sector.
- Economic processes with applications of mathematical economics and econo-metrics.
The main results of the Institute’s research are shared with the professional bodies as well as the broader public through different forms of its editorial activities and offers relevant results to the government bodies.
IER SAS participates in the implementation of PhD studies in the programmes Economics (FEF UE), European Studies and Policies (FSES CU) and Applied Mathematics (FMPH CU). The studies are carried out internally and externally.
The Institute is a member of the European Network of Economic Policy Research Institutes (ENEPRI).