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IEc helps clients apply a variety of economic modeling tools to complex policy decisions that may indirectly affect output and employment across multiple sectors of the economy. We help our clients understand the analytic strengths and limitations of different modeling options; design, structure, and perform economic modeling analyses; and interpret model results in the context of specific policy questions.

Our experience in this regard includes applications involving input-output (e.g., IMPLAN), macro-econometric, multi-market equilibrium, and computable general equilibrium models. Across these modeling paradigms, we have assessed the economic implications of regulatory compliance costs, the human health benefits of environmental regulation, and conservation measures affecting land use patterns.

IEc’s economic modeling analyses of these effects have helped government agencies understand the broader economic implications of their policy decisions and have informed stakeholders of how they might these decisions.

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PROJECT EXAMPLES
  • • IEc designed and constructed the Bureau of Ocean Energy Management’s MarketSim model.

  • • To support EPA’s Second Prospective benefit-cost analysis of the 1990 Clean Air Act Amendments (CAAA), IEc developed an approach for incorporating the labor force effects of CAAA-related health improvements into a computable general equilibrium model of the U.S. economy. The results of the analysis showed that this effect offset the negative GDP impacts of CAAA compliance costs.