Legal and Data Protection Statement

Organization and Address

Kiel Institute for the World Economy

Kiellinie 66
24105 Kiel, Germany
Phone: ++49 431 8814 – 1
Telefax: ++49 431 8814 – 500

Value Added Tax Identification Number: DE 251899169
The Kiel Institute for the World Economy is a foundation under public law of the federal state of Schleswig-Holstein.

Authorised Representative:
The Kiel Institute for the World Economy is an independent foundation under the public law of the German federal state of Schleswig-Holstein. It is represented by the Scientific Director: Prof. Dr. Sonja Peterson, Ph.D., Phone: +49 431 8814-406.

Responsible Supervisory Authority:
Ministry of Social Affairs, Health, Science and Equality of Land Schleswig-Holstein
Brunswiker Straße 16-22, 24105 Kiel, Germany

Responsible Persons:

Administrative Editor
Korinna Werner-Schwarz
Phone: ++49 431 8814-226

Content of our Website

The content of this website has been carefully prepared and reviewed. However, the Institute für Weltwirtschaft an der Universität Kiel (the Kiel Institute for the World Economy) does not guarantee the accuracy, completeness or quality of the information provided, or that it is up-to-date. Liability claims against the Kiel Institute in respect of material or immaterial damage caused by the use or non-use of the information offered or by inaccurate or incomplete information are in principle ruled out provided that there is no provable culpable intent or gross negligence on the Association’s part.

The Kiel Institute expressly reserves the right to alter, amend or delete parts of the site or the entire offering, or to cease publication, without prior notice.

References and Links

The Kiel Institute is not responsible for the content, availability, correctness or accuracy of the linked sites or of the offerings, links or advertisements therein. It is not liable for illegal, incorrect or incomplete content or in particular for damages arising from the use or non-use of the information provided on linked sites.


The copyright for any material created by the Kiel Institute for the World Economy is reserved. Any duplication or use of objects such as images, diagrams, sounds or texts in other electronic or printed publications is not permitted without the Kiel Institute for the World Economy's agreement.

This does not apply for the economics discussion papers and the articles in economics. The use of papers published from 2007 to 2012 is licensed under the Creative Commons License-Attribution-NonCommercial 2.0 Germany. Papers published from 2013 to March 2016 are licensed under the Creative Commons License - Attribution 3.0. The use of papers published from April 2016 onwards is licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).

Data Protection Statement

§ 1 Information on the collection of personal data

 (1)   In the following we provide information about the collection of personal data when using our website. Personal data are all data that are personally identifiable to you, e.g. name, address, e-mail addresses, user behavior.

 (2)   The Institute for the World Economy, Kiellinie 66, 24107 Kiel, Germany, (see our legal: is responsible according to Art. 4 Sect. 7 EU General Data Protection Regulation (GDPR). You can reach our data protection officer at: or our postal address with the addition "The Data Protection Officer".

 § 2 Collection of personal data when visiting our website

 (1)   When using the website for information purposes only, we only collect the personal data that your browser transmits to our server. If you wish to view our website, we collect the following data, which are technically necessary for us to present our website to you and to guarantee stability and security (legal basis is Art. 6 Sect. 1 Sentence 1 lit. f GDPR):

-       IP address

-       date and time of the request

-       Content of the request (specific page)

-       Access status/HTTP status code

-       the amount of data transferred in each case

-       Website from which the request originates

-       Browser software, including language and version

-       Operating system and its interface   

(2)   We store this data in so-called server log files. We neither pass on this data nor do we merge it with other data sources. We need this data in order to be able to analyze errors or track illegal use. This interest justifies the storage of the IP address that cannot easily be personalized by us. For this purpose we store server log files for 180 days.

 § 3 Use of cookies

 (1)   In addition to the aforementioned data, cookies are stored on your computer when you use our website. Cookies are small text files that are stored on your hard disk in the browser you use and through which certain information flows to the place that sets the cookie (here by us). Cookies cannot run programs or transmit viruses to your computer. They serve to make the Internet offer more user-friendly and effective overall.

This website uses the following types of cookies, the scope and functionality of which are explained below:

  • Transient cookies: Transient cookies are automatically deleted when you close your browser. This includes in particular the session cookies. These store a so-called session ID, with which different requests of your browser can be assigned to the common session. This will allow your computer to be recognized when you return to our website. Session cookies are deleted when you log out or close your browser.
  • Persistent cookies: Persistent cookies are automatically deleted after a specified period which may vary depending on the cookie. You can delete cookies at any time in the security settings of your browser.

 (2)   We request your consent to accept cookies when you visit the website (legal basis is Art. 6 Sect. 1 Sentence 1 lit. a GDPR). If you agree, your consent will be stored as a cookie (cookienote) in the browser program of your device for one year.

 (3)   You can configure your browser settings according to your wishes and, for example, refuse the acceptance of third party cookies or all cookies. Please note that you may not be able to use all functions of this website.

§ 4 Your rights

(1)   You have the following rights towards us with regard to personal data concerning you:

  • Right to information,
  • Right to correction or deletion,
  • Right to limitation of processing,
  • Right of opposition to the processing,
  • Right to data transferability.

(2)   If you have given your consent to the processing of your data, you have the right to rescind this at any time. Such a cancellation affects the permissibility of processing your personal data after you have issued your cancellation.

 (3)   If we base the processing of your personal data on the weighing of interests, you may object to the processing. This is the case if processing is not necessary in particular to fulfil a contract with you, which is described by us in the following description of the functions. When exercising such objection, we ask you to explain the reasons why we should not process your personal data as we have done. In the event of your justified objection, we will examine the situation and either stop or adjust data processing or point out to you our compelling reasons worthy of protection, on the basis of which we will continue processing.

 (4) You also have the right to complain to a data protection supervisory authority (e.g. Unabhängiges Landeszentrum für Datenschutz, Independent National Centre for Data Protection at about our processing of your personal data.

 (5) You can inform us about your objection under the following contact data: or

 If you have any further questions about our data protection and the processing of your data, please contact our data protection officer:

Legal Validity

This disclaimer of liability is to be regarded as part of the Internet offering from which you were referred to this page. Should parts or individual forms of wording in this text not, no longer or not fully comply with applicable law, this does not affect the content or validity of the remaining parts of the document.


ISSN: 1864-6042 (Journal Articles)

           1867-8009  (Economics Discussion Papers)