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The Center for Competitiveness and Prosperity Research is a research unit of the L. William Seidman Research Institute in the W. P. Carey School of Business at Arizona State University. The Center administers the Productivity and Prosperity Project: An Analysis of Economic Competitiveness (P3), and the Office of the University Economist. These ongoing initiatives began in 2005 and are sponsored by ASU President Michael M. Crow.
Specializing in applied economic and demographic research with a geographic emphasis on Arizona and the metropolitan Phoenix area, the Center also conducts research projects under sponsorship of private businesses, nonprofit organizations, government entities, and other ASU units.
Formerly known as the Center for Business Research, the Center for Competitiveness and Prosperity Research, along with the Economic Outlook Center, was created in 1986 from the Bureau of Business and Economic Research, which dates back to the 1950s.
The Productivity and Prosperity Project: An Analysis of Economic Competitiveness (P3) produces analyses that incorporate literature reviews, existing empirical evidence, and economic and econometric analyses. Enhancing productivity is the primary means of attaining economic prosperity. Productive individuals and businesses are the most competitive and prosperous. Competitive regions attract and retain these productive workers and businesses, resulting in strong economic growth and high standards of living. An overarching objective of P3's work is to examine competitiveness from the perspective of an individual, a business, a region, and a country.
For an introduction to P3, see The Productivity and Prosperity Project: An Analysis of Economic Competitiveness, October 2005. This report provides an introduction to the concepts of productivity, prosperity and competitiveness and to the research agenda of P3.
The Office of the University Economist responds to strategic and tactical needs of the Office of the President and the university as a whole related to the role of the university in economic development. Focusing on economic development and the university's role as an economic driver, the University Economist publishes reports in academic and popular press. By actively engaging key constituencies, the University Economist helps frame the debate in leading public discussions on the knowledge economy.