Name Change for LSU Division of Economic Development
January 11, 2016
BATON ROUGE – As the state’s flagship university, LSU has a long history of providing objective research to inform policy and business decisions. To continue and expand on that tradition, the E.J. Ourso College of Business created the LSU Economics & Policy Research Group. The new research group was formed out of the college’s Division of Economic Development, which has produced a widely used employment forecast for decades.
While pursuing one of the college’s core focus areas of enhancing economic development
in the state, the Division of Economic Development’s research portfolio grew to include
a wider variety of economics and policy-related projects in recent years. Building
on that success, the LSU Economics & Policy Research Group was created with a broader
mandate to use economics research to answer a wide array of policy and business questions
in Louisiana and beyond.
“In all of our work, we use economic principles and state-of-the-art methods to inform public policy and business decisions,” said Stephen Barnes, director of the LSU Economics & Policy Research Group. “We also provide in-depth analysis to address real-world problems at the intersection of economics and policy.”
The group continues to conduct research related to economic development but has expanded its portfolio to include topics in labor, health, and the environment. It has experience collecting and analyzing survey data, working with confidential or proprietary data maintained by research sponsors, as well as developing hybrid methods that can supplement existing data collected to answer specific questions.
In addition, the group produces the Louisiana Economic Outlook, or LEO, each fall. The publication analyzes the state’s economy and that of major metropolitan areas to provide a forecast of Louisiana employment for the next two years. Businesses then use those projections to help predict their own sales and revenue to make critical business decisions.
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LSU E. J. Ourso College of Business