Services
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Evans, Carroll & Associates also offers a variety of other consulting services in the following
categories:
Infrastructure Analysis
Infrastructure analysis uses the combination of (a) demand-side analysis to determine
the increase in jobs from investment, and (b) supply-side analysis to determine how the
increase in productivity expands the overall capacity of the economy and boosts the
standard of living.
On a national level, infrastructure analysis requires the use of a macroeconomic model
to show how a faster growth rate in productivity reduces inflation and interest rates and
boosts total capacity, hence increasing employment and real income.
On a regional level, increased expenditures on the transportation system would clearly
create new jobs in that area. In addition, however, it would boost productivity in that region,
enabling firms in the area to operate more efficiently, gain market share from competitors,
and boost employment. It would also serve as a magnet to attract more business from other
areas that have not benefited from an improvement in transportation facilities. Such
developments generally occur over several years, as opposed to the short-term impact of
increased jobs from new construction projects.
Other Economic Impact Studies
The IMPLAN model can be used for a variety of other economic impact studies. For
example, a new convention center might attract more visitors and tourists and result in
construction of new hotels, restaurants, shopping malls, and entertainment venues. One
major example is the calculation of the economic impact of infrastructure projects. A new
sports stadium would also attract more patrons, who would then utilize restaurants and
other entertainment facilities in the area. The economic impact can be determined at the
national, state, or county level, or by individual congressional districts.
The results of economic impact studies can also be extended to show the change in
Federal, state, and local tax receipts. Evans, Carroll has done several studies showing the
economic impact of Indian gaming casinos, showing the changes in employment, tax
receipts, and the reduction in the unemployment rate for various Indian nations.
Revenue and Tax Analysis for State and Local Governments
The revenue effect of changes in specific tax rates, such as changes in excise taxes on
alcohol, tobacco, or gasoline, can be calculated for the overall state or local economy, and
also by income classes. We have also calculated the effect of changes in broad-based tax
rates, such as personal income, corporate income, or general sales taxes. Evans, Carroll
has also done studies on how much revenue the government is losing to Internet sales.
These results can also be extended to show the differential impact on state tax revenues
when one state raises excise taxes but a neighboring state does not. In many cases, the
state raising the tax rate not only loses sales of the taxed item, but shoppers switch other
purchases to the neighboring state.
Industry Econometric Models and Product Forecasts
Evans, Carroll will build an econometric model designed to predict sales, shipments, or
orders for individual product lines for an individual firm or industry association. Individual
equations are estimated from data supplied by the client, and tied to macroeconomic and
industry forecasts. Forecasts can be prepared on a quarterly or annual basis.
Economic Effects of Pending Legislation
Proposed or pending legislation may have a beneficial -- or a negative -- impact on your
company or industry. We will provide estimates of this impact on employment, output, and
tax revenues. The economic impact analysis can be prepared either at the national level or
for individual states or Congressional districts.
Where appropriate, testimony is delivered before various Congressional committees.
Price forecasting models for construction costs by type of construction and
individual cost components
During the huge runup in construction costs during the recent boom, we accurately
predicted that these prices would return to normal levels once the growth rate declined.
We saved one government agency $200 million by telling them in 2007 to wait until
construction and materials prices declined in 2008.
categories:
- Economic Analysis of Infrastructure Projects
- Economic Impact Studies
- Revenue and Tax Analysis for State and Local Governments
- Industry Forecasting Models
- Economic Effects of Pending Legislation
- Price forecasting models for construction costs by type of construction and individual
cost components
Infrastructure Analysis
Infrastructure analysis uses the combination of (a) demand-side analysis to determine
the increase in jobs from investment, and (b) supply-side analysis to determine how the
increase in productivity expands the overall capacity of the economy and boosts the
standard of living.
On a national level, infrastructure analysis requires the use of a macroeconomic model
to show how a faster growth rate in productivity reduces inflation and interest rates and
boosts total capacity, hence increasing employment and real income.
On a regional level, increased expenditures on the transportation system would clearly
create new jobs in that area. In addition, however, it would boost productivity in that region,
enabling firms in the area to operate more efficiently, gain market share from competitors,
and boost employment. It would also serve as a magnet to attract more business from other
areas that have not benefited from an improvement in transportation facilities. Such
developments generally occur over several years, as opposed to the short-term impact of
increased jobs from new construction projects.
Other Economic Impact Studies
The IMPLAN model can be used for a variety of other economic impact studies. For
example, a new convention center might attract more visitors and tourists and result in
construction of new hotels, restaurants, shopping malls, and entertainment venues. One
major example is the calculation of the economic impact of infrastructure projects. A new
sports stadium would also attract more patrons, who would then utilize restaurants and
other entertainment facilities in the area. The economic impact can be determined at the
national, state, or county level, or by individual congressional districts.
The results of economic impact studies can also be extended to show the change in
Federal, state, and local tax receipts. Evans, Carroll has done several studies showing the
economic impact of Indian gaming casinos, showing the changes in employment, tax
receipts, and the reduction in the unemployment rate for various Indian nations.
Revenue and Tax Analysis for State and Local Governments
The revenue effect of changes in specific tax rates, such as changes in excise taxes on
alcohol, tobacco, or gasoline, can be calculated for the overall state or local economy, and
also by income classes. We have also calculated the effect of changes in broad-based tax
rates, such as personal income, corporate income, or general sales taxes. Evans, Carroll
has also done studies on how much revenue the government is losing to Internet sales.
These results can also be extended to show the differential impact on state tax revenues
when one state raises excise taxes but a neighboring state does not. In many cases, the
state raising the tax rate not only loses sales of the taxed item, but shoppers switch other
purchases to the neighboring state.
Industry Econometric Models and Product Forecasts
Evans, Carroll will build an econometric model designed to predict sales, shipments, or
orders for individual product lines for an individual firm or industry association. Individual
equations are estimated from data supplied by the client, and tied to macroeconomic and
industry forecasts. Forecasts can be prepared on a quarterly or annual basis.
Economic Effects of Pending Legislation
Proposed or pending legislation may have a beneficial -- or a negative -- impact on your
company or industry. We will provide estimates of this impact on employment, output, and
tax revenues. The economic impact analysis can be prepared either at the national level or
for individual states or Congressional districts.
Where appropriate, testimony is delivered before various Congressional committees.
Price forecasting models for construction costs by type of construction and
individual cost components
During the huge runup in construction costs during the recent boom, we accurately
predicted that these prices would return to normal levels once the growth rate declined.
We saved one government agency $200 million by telling them in 2007 to wait until
construction and materials prices declined in 2008.