The Beacon Hill Institute (BHI) is an economic research organization currently located in

Medway, Massachusetts Medway is a town in Norfolk County, Massachusetts, Norfolk County, Massachusetts, United States. The town had a population of 13,115 at the 2020 census. History Medway (originally Midway) was first settled in 1657 and was officially incorporated i ...

. It was founded in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

in 1991 by businessman

Ray Shamie Raymond Shamie (June 7, 1921 – October 16, 1999) was an American politician and businessman from Massachusetts. Shamie served as the chair of the Massachusetts Republican Party and was twice the Republican nominee for the United States Senat ...

. The institute conducts national and state tax policy research, independent or commissioned, and distributes it to interested citizens and policy makers through various print and

electronic media Electronic media are media that use electronics or electromechanical means for the audience to access the content. This is in contrast to static media (mainly print media), which today are most often created digitally, but do not require el ...

, including policy studies; BHI FaxSheets; policy forums; opinion editorials; radio and TV interviews; and its web site. The institute describes itself as "grounded in the principles of

limited government In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.Amy Gutmann, "How Limited Is Liberal Government" in Liberalism Without Illusions: Essays on Liberal Theo ...

fiscal responsibility A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budge ...

and

free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any o ...

s". The institute was previously affiliated with the Department of Economics at

Suffolk University Suffolk University is a private research university in Boston, Massachusetts. With 7,560 students (includes all campuses, 7,379 at the Boston location alone), it is the eighth-largest university in metropolitan Boston. It was founded as a l ...

. However, the relationship was terminated, and the institute has been unaffiliated with any school or university since December 30, 2016.

Activities

BHI specializes in the development of economic and statistical models for policy analysis. These include STAMP and LAMP, computer generalized equilibrium models, that are frequently used in BHI analysis of state and local tax policy issues. It is also known for its internship program that trains future economists and policymakers. The Institute also publishes it
State Competitiveness Index
which tracks the ability of states to promote economic growth in terms of personal income.

References

External links

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