Economic Analysis
We leverage our expertise in economic analysis to assist decision-makers, business leaders, and policy-makers as they design and develop projects, programs, and policies that aim to deliver meaningful impact.
Using a comprehensive research and analysis approach, we conduct cost-benefit analyses which focus on exploring the benefits, costs, and economic impacts of projects, programs, and policies, as well as an assessment of the distribution of costs and benefits among various stakeholders.
We conduct extensive research of the factors and variables influencing a project or policy. We examine root causes and potential risks and obstacles which could impact a project, program, or policy. Through robust and holistic economic analyses, we are able to explore a project’s feasibility. We also perform cost/effectiveness analyses through which we compare the relative costs and outcomes (effects) of different courses of action.
Throughout our collective experiences, we have developed expertise in the following areas:
Economic Development, Trade, Time Series and Forecasting, Political Economy, Socio-economic Analysis, and Labor Economics.
Economic Development
Our approach and framework allows us to evaluate projects, programs, and policies and their impact on the economic and social development of a region, country, or local community.
We explore questions such as whether a project may help lead to greater industry competitiveness, or if a policy may help support domestic economic growth. Moreover, regardless of the nature of each project, our focus is to assess economic development outcomes through relevant socio-economic indicators.
Trade
We analyze current trends in international markets and across regions, and prepare data-based analyses on imports, exports, trade barriers, and other market access conditions. Moreover, we explore emerging issues in international trade and provide analysis on a variety of international trade topics affecting different regions and economic sectors.
Time Series and Forecasting
We use time series analysis to extract meaningful insight and identify patterns and characteristics of historical data. And using observed values, we use time series forecasting to predict future values.
We employ forecasting as a decision-making tool that helps organizations understand and prepare for the impact of uncertainty. By examining historical data and trends, we are able to provide forecasts which support strategic planning efforts and decision-making in the context of uncertainty.
Political Economy
Political Economy Analysis (PEA) is an analytical approach which we use to help understand and analyze the underlying influences - political, economic, social and cultural — of a country. By performing a PEA, we are able to identify the incentives and constraints impacting the behavior of actors in a country’s system.
Our Political Economy Analyses highlight: the interests and incentives of different groups; how these interests and incentives influence projects, policies and outcomes; the role of formal institutions (e.g. rule of law, elections) and informal social, political and cultural norms play in shaping outcomes. We also take into account the impact of political ideologies, stakeholders, cultural beliefs, norms, and traditions, on political behavior and policy.
Socio-Economic Analysis
By combining several technical tools we are able to analyze socioeconomic factors that influence other outcomes in the population. For instance, we analyze health outcomes through factors such as employment and education. And we analyze education outcomes through factors such as income and health. We have developed an analytic framework which incorporates the use of relevant socioeconomic factors to cross-analyze socio-economic outcomes.
Labor Economics
We produce labor economics reports and studies which examine factors influencing labor markets. We examine market factors influencing employees, employers, the self-employed, and the unemployed. Some of the labor topics we have researched and analyzed include: structural unemployment, institutional unemployment, youth unemployment, wage gaps, gender labor inequality, and labor discrimination.