Using evidence-based economic analysis to inform policy-making
Both the public and private sectors are under increasing pressure to build, use and disclose the evidence base used to generate and support policy proposals as a result of government efforts to reduce the significant deficit facing Britain. In such policy areas, the evidence base underpinning decision-making must be comprehensive, robust and ‘fit-for-purpose’ to ensure that all impacts are taken into account.
This is where policy economics comes in. Policy economics’ approach to evidence-based analysis is policy led and always seeks to answer the ‘so what?’ question.
This approach is relevant to central and local government and private sector clients across a diverse range of sectors and policy areas. Our typical engagements are focused on:
- Public policy: including policy-making, impact assessments (economic, social regulatory etc), business case development, project appraisal, policy research and evaluations;
- Interfacing with policy-makers and regulators: our skills have relevance for private sector and non-governmental organisations, in either engaging with or informing the public sector – perhaps as commissioned research to be used as part of the lobbying process or planning process; or
- Contributing to strategic investment decisions: we support our wider private sector strategy practice in working with clients on a range of issues.
Policy economics (PDF)