Our team has extensive experience in conducting economic, social, and fiscal impact analysis. Our models allow us to quantify the growth, jobs, spending, and other yardsticks of economic performance; gauge the social impact on people, health, the environment and communities; and measure the tax revenues and costs of projects on a local, state or federal government.
Our robust econometric models analyze the full spectrum of impacts, including direct, indirect, induced, and catalytic effects. For example, take the impact of a company on a local economy. A company can generate revenue, jobs, wages, and taxes directly through its business operations. But it also has an indirect impact through its partners and suppliers, which make similar economic contributions. In turn, these direct and indirect effects lead to induced impacts from the increased spending by employees. The interplay of these impacts can work together in a virtuous circle to trigger longer-term catalytic impacts on the local economy.
By using our global forecasting models in combination with our economic impact tools, we can predict how these economic impacts will evolve in the coming years. Our economists can also run scenario analysis to show how these impacts will vary under alternative assumptions. Our proven track record of gathering information efficiently, employing state of the art techniques, and offering cutting-edge analysis and interpretation enables us to provide defensible assessments and estimates to our clients.