Economic analyses and the consulting based on them are an essential part of political, entrepreneurial and social decision-making. BAK creates added value precisely for questions in these areas. BAK accompanies the client in his questions with well-founded analyses, tailor-made consulting and target group-oriented communication of all developed information.
Exclusive BAK database
BAK Economics has been operating a uniform and consistent international database for economic industry and regional analyses since 1996 (International Benchmarking Database until 2014), which is unique in terms of its comprehensive level of detail and the number of countries and regions covered. In addition, BAK has a unique Swiss regional database that allows all relevant industries to be delimited and analysed on a community-specific basis. The uniqueness of the BAK database lies in the fact that, in addition to labour market-related data, it also contains economic performance indicators such as gross value added or productivity on a community-specific basis for industries.
BAK model architecture
On the basis of the regional model, BAK develops industry-specific forecasts at the regional level. Various regional economic information as well as indicators are included in the modelling. An important quality feature of the regional economic data is its integration into the overall model architecture, which ensures that the regional economic forecasts are consistent with the higher-level (national) industry forecasts. The hierarchy of models follows a top-down approach that can best be described as from large (multi-country model) to small (community models). This ensures on the one hand that as much region-specific information as possible is being used at each geographical level and on the other hand that consistency across all geographical and sectoral aggregate levels is guaranteed.