Posted on Friday 9 November 2012 by Ulster Business
NICEP will be based at the University of Ulster's new Belfast campus when it opens in 2018.
The Northern Ireland Centre for Economic Policy (NICEP) will be based at the Ulster Business School with start-up funding provided by a range of sources including the Department of Enterprise, Trade and Investment and First Trust Bank.
The centre will regularly assess the state of the economy and inform and critique Northern Ireland Executive policies, a statement from the University said.
University of Ulster's Vice Chancellor Professor Richard Barnett, who chaired The Independent Review of Economic Policy for Enterprise, Trade and Investment commissioned by Minister Arlene Foster, said the Centre would both challenge and inform decision makers.
"NICEP represents an exciting new chapter in the history of the Ulster Business School which has had a very strong regional presence as an innovative and dynamic business school," he said.
"The new Centre will carry out policy orientated economics research, focusing on the performance of the Northern Ireland economy. It will focus on reports accessible to all those involved in the formulation of economic policy, its implementation and evaluation.
"And while it will provide a regular commentary on the state of the Northern Ireland economy, NICEP will also encourage debate on the direction Northern Ireland must take if its economy is to grow."
It is expected that NICEP staff will produce a periodic economic survey reporting on the state of the Northern Ireland economy and forecasting likely future performance. Staff will also contribute to the teaching of economics within the University and the development of its curriculum.
NICEP will initially be based on the Jordanstown campus but will transfer to the new Belfast City campus when it opens in 2018.
The Ulster Business School is one of the largest business schools in Britain and Ireland with 6,000 students and approximately 140 academic staff.
It is a leading provider of professionally accredited courses and has relationships with a range of professional bodies.
The School has six Departments - Accounting, Finance and Economics, Business and Enterprise, Hospitality and Tourism Management, International Business, Management and Leadership and Marketing, Entrepreneurship and Strategy.