CERC specializes in economic and regulatory impact analysis, economic forecasting, program evaluation, policy analysis and economic sector performance
An Economic Impact Analysis (EIA) examines the effect of an event on the economy in a specified area such as employment, revenue, and overall profits. The economic event analysed can include the implementation of a new government policy or project, or may simply be the new presence of a business or organization. EIA is commonly conducted when there is public concern about the potential impacts of a proposed project or policy on the economy. Our team of experts can provide focused and technically robust EIA of projects and investments to enhance economic credentials and ensure sustainable performance.
Economists use various tools and indicators to forecast the future status of an economy.
Economic forecasting is mostly used to predict an economy's growth in the near future calculated in terms of its GDP. Governmental organizations and private companies make use of economic forecasts to make important decisions that are likely to bring benefits and avoid undesirable economic crises such as inflation. Getting an idea about the future conditions is immensely helpful for making intelligent financial decisions. We have expertise in a wide range of forecasting approaches including more traditional methods such as time-series models and econometric systems to more recent advances like machine learning.
Program evaluation is concerned with measuring the effects of a fixed policy in terms of its goals, outcomes, or criteria. Policy analysis is used when there is a need to improve or legitimate the practical implications of a policy-oriented program. CERC designs and implements evaluations of programs using a combination of qualitative and quantitative methods, and undertakes analysis of policies and practices for both government and non-government organisations
Regulatory Impact Assesssment (RIA) examines and measures the likely benefits, costs and effects of new or changed regulations. It is a regulatory tool that provides decision-makers with valuable empirical data and a comprehensive framework in which they can assess their options and the socio-economic consequences their decisions may have. We cover legal expertise for assessing regulations on a case-by-case basis to help determine whether they contribute to strategic policy goals, and ensure policy-makers are well-informed.
A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a sector is achieving key government objectives. For organizations that strive to provide services and solutions with economic impact, it is important to ensure that the KPIs chosen are well-defined and measurable. We help our clients define economic-related KPIs that best assess the success of their project (such as unemployment, jobs created, patents filed, new businesses created), and faciliatte the collection of data relevant to their measurement.
