Andrew Hong, Economist

Andrew Hong is an Economist at RCF who works on a variety of projects including economic impact studies, econometric forecasting, and others.  He currently leads RCF’s group working on economic impact studies for EB-5 projects.  He is experienced in applying economic input-output modeling to calculate economic impacts for a wide range of projects and activities and can provide analyses for any state or other regional area.  RCF is a leader in regional input-output analysis and has a highly successful track record of preparing economic impact studies required by the U.S. Citizenship and Immigration Services (USCIS) under the EB-5 program.  Since 2009, RCF has completed over 60 reports in support of EB-5 projects across 8 states.  RCF’s analyses have modeled both construction impacts and operations impacts for various businesses.  RCF also provides independent review of previously completed studies (i.e., third-party validation), consultation on existing or future projects, assistance with responses to USCIS RFE questions, TEA designation studies, and preliminary planning studies.

In addition to EB-5 work, Mr. Hong specializes in producing sales forecasts based on demand equations developed using econometric time-series regression analyses. He is routinely involved in the construction of product-level price indices and the maintenance of volume and revenue databases.  He also conducts market research and statistical analysis to explore the inclusion of economic indicators into forecast models.  Further, he is adept at analyzing survey data using statistical software such as STATA and EViews.

Mr. Hong received a B.A. in Economics at the University of Chicago and a Master’s in Public Policy from Harvard University, Kennedy School of Government.  At Harvard, Mr. Hong was trained in public policy analysis, specializing in the eightfold framework developed by UC Berkeley’s policy expert, Eugene Bardach, as well as the theory of change model used for enabling social change.  He is also experienced in conducting stakeholder analysis and feasibility studies for proposed programs.