The State Economic Handbook, 2008

Edited by Scott Watkins and Patrick L. Anderson

The State Economic Handbook is a new annual reference book profiling the economy, demography, political environment, and business climates for each of the 50 states.

The Economic Benefits of the University Research Corridor (preliminary report)

Anderson, Sallee

What would the loss be to the state if the Research Corridor universities (URC) left Michigan? Also benchmarks the URC’s economic contributions to the state in terms of jobs, earnings, economic development activities, and tax revenue.

The Economic Impact of Michigan State University

Sallee, Rosaen, Anderson

An analysis of the net economic impact and economic benefits that Michigan State University (MSU) provides the State of Michigan

Preliminary Report: The Economic Benefits of the University Research Corridor

The University Research Corridor (URC) is an alliance of Michigan’s three largest academic institutions: Michigan State University, the University of Michigan, and Wayne State University. The purpose of this alliance is to accelerate economic development in Michigan by educating students, attracting talented workers to Michigan, supporting innovation, and encouraging the transfer of technology to the private sector.

The URC asked Anderson Economic Group to undertake a comprehensive study to quantify the economic impact of the Research Corridor universities’ activities on Michigan’s economy. The first annual report will answer the question: What would the loss be to the state if the Research Corridor universities left Michigan? The report will then measure and benchmark the URC’s economic contributions to the state in terms of jobs, earnings, economic development activities, and tax revenue.

This document is a preview to the first annual report and lays the foundation for the economic impact analysis in that report.

AEG Presents “State of the Michigan Economy” to Tax Policy Committee

The State of the Michigan Economy Presentation to the Michigan House Tax Policy Committee; Tax Restructuring Subcommittee. February 14, 2006 At the invitation of the Chairman of the House Tax PolicyCommittee, AEG Principal Patrick L. Anderson addressed the committee on the state of the Michigan economy. Among the topics discussed in the presentations were: Michigan's […]

Delphi’s Bankruptcy Likely to Cost at Least $10 Billion by 2007

General Motors Will Survive A Restructuring, but a Delphi Liquidation Would be “Dangerous.” Delphi’s bankruptcy and the ensuing restructuring of its operations in the U.S. and Canada is likely to cost U.S. workers, taxpayers, and investors at least $9.2 billion, and Canadians another $800 million, during 2007 alone, according to a 15-page preliminary report by the consulting firm Anderson Economic Group, LLC.

Practical Dynamic Programming for Business and Forensic Economics (AEG Working Paper, 2005-05)

Patrick L. Anderson

An AEG working paper, presented by Patrick L. Anderson at the 2005 NAFE conference in Dublin, Ireland.

Economic and Fiscal Assessment of a Change in Residency Requirements in the City of Detroit

Patrick L. Anderson

An analysis of the 1999 residency requirement imposed by the city of Detroit.

Economic Analysis & Revenue Forecasting: City of Cincinnati, Ohio

The City of Cincinnati, founded in 1788, is one of the leading cities in the Midwest, and is home to 320,000 people in the City itself, and over 1.6 million people in the metropolitan area. Cincinnati was a pioneer in incorporating planning in the government, and adopts a biennial operating budget of about $731 million, plus a capital budget of about $251 million. The main sources of funds are income and property taxes.

To ensure the City Council and Finance Department have the best available information on current and likely future tax revenue, the City retained Anderson Economic Group to provide forecasts of income and property revenue, as well as state-funded local government revenue, for the next six years. AEG evaluated the economy of Ohio and its relationship to the US economy, and the local economy, demography, geography, and fiscal structure. AEG then used a sophisticated statistical methodology to determine how economic fluctuations in the past had affected the most important revenue sources for Cincinnati.

AEG developed a dynamic forecasting model for the City, including an independent assessment of likely future economic conditions. Assuming stable fiscal policies, the resulting general fund revenues from major sources. Using this model, and professional judgement on the current state of the economy, AEG forecasted tax base and tax revenue for the City, based on reasonable policy and economic assumptions, for the succeeding six years.

AEG prepared a lengthy report, which was presented to the City Finance Department and to the City Council in a public hearing. The report included a discussion of the methodology, assumptions, and revenue forecasts.

The Economic Benefits of Wayne State University

Anderson, Geckil, Watkins

A report on the economic benefits of Wayne State University