The importance of the Impact Analysis (IA) lies in its ability to estimate
the economic, social and environmental effects that can be potentially determined by a policy or spending program. IA ranks among the most accurate methods of assessing the so-called “externalities”. It allows to estimate the direct, indirect and induced impacts generated by changes
in the regulatory framework and/or by the implementation of an investment project. In this respect IA extends cost benefit analysis and computable general equilibrium assessments to environmental and social variables and
to a large number of additional externalities, including the provision of services from natural and human capital.
OpenEconomics can leverage an extensive experience in developing in-depth analysis on the economic, social and environmental effects of complex policy measures, with a particular focus on programs and projects aimed to mitigate climate change and foster inclusive and resilient growth.
For this purpose, our modeling team led by Prof. Pasquale Lucio Scandizzo builds and applies advanced computable economic models,
in line with the most rigorous scientific methodologies and the best
practices of multilateral institutions and organizations. The aim of OpenEconomics modelling work is to develop reliable ex ante assessments
of the impacts of policies and investments within the context of transparent and objective reporting frameworks (SDG, GRI, WBI, OECD MEI, …) using interactive instruments that facilitate the exploration of results and dialogue with stakeholders.