by Allen Sinai, Lawrence Horwitz, James Lee
American Council for Capital Formation
July 01, 2004
This study analyzes and assesses the macroeconomic effects of changes in the regulatory environment for the telecommunications industry and firms due to the FCC Triennial Review (February 2003) and a D.C. Appeals Court decision early this year, which vacated portions of the Triennial Review. The study looks at the potential impacts of changes in the economic behavior of the Bell companies and Competitive Local Exchange Carriers (CLECs) and how these changes could impact real economic growth, capital spending, jobs, disposable income, consumer spending, profits, and the federal budget. A blend of macro and micro analysis is used in the research, through computer simulations with the Sinai-Boston macroeconometric model of the U.S. economy.



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