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Energizing California Milken Institute About the Authors Ross C. DeVol is Director of Regional Economics and the Center for Health Economics at the Milken Institute. He oversees research on comparative regional growth performance, technology and its impact on regional and national economies, and health-related topics. He is an expert on the intangible economy and how regions can compete in it. He is also an appointee to the California State Controller’s Council of Economic Advisors. He was the principal author of An Unhealthy America: The Economic Burden of Chronic Disease, a widely acclaimed report that brought to light the economic losses associated with preventable illnesses and estimated the avoidable costs if a serious effort were made to improve Americans’ health. He also authored America’s High-Tech Economy: Growth, Development and Risks for Metropolitan Areas and created the Best-Performing Cities index, an annual ranking of U.S. metropolitan areas that shows where jobs are being created. His other recent work involves the study of biotechnology and life-science clusters and their impact on regional economies. Previously, DeVol was senior vice president of Global Insight Inc., where he supervised the Regional Economic Services Group, served as the firm’s spokesman on international trade, and headed its U.S. Long-Term Macro Service. He is ranked among the “Super Stars” of Think Tank Scholars by International Economy magazine. DeVol earned his master’s degree in economics at Ohio University. Perry Wong is a Senior Managing Economist in the Regional Economics group at the Milken Institute. He is an expert on regional economics, development and econometric forecasting, and specializes in analyzing the structure, industry mix, development and public policies of regional economies. He has a background in demand analysis for regional utilities, and has provided consulting services to the American Petroleum Institute, analyzing the energy consumption patterns of U.S. industries. Wong designs, manages, and performs research on labor and workforce issues, the relationship between technology and economic development, and trade and industry, with a focus on policy development and implementation of economic policy in both leading and disadvantaged regions. He is actively involved in projects aimed at increasing access to technology and regional economic development in California and the American Midwest. His work extends to the international arena, where he is involved in regional economic development in southern China, Taiwan, and elsewhere in Asia. Prior to joining the Institute, Wong was a senior economist and director of regional forecasting at Global Insight Inc. He received a master’s degree in economics from Temple University. Armen Bedroussian is a Research Economist with the Milken Institute. He has extensive graduate training in econometrics, statistical methods, and other modeling techniques. Before joining the Institute, he was an economics teaching assistant at the University of California, Riverside, where he taught intermediate micro- and macroeconomics. Since coming to the Institute, Bedroussian has co-authored numerous studies, including The Impact of 9/11 on U.S. Metropolitan Economies, America’s Biotech and Life Science Clusters, Biopharmaceutical Industry Contributions to U.S. and State Economies, Economic Benefits of Proposed University of Central Florida College of Medicine, and An Unhealthy America: The Economic Burden of Chronic Disease. In addition to coauthoring annual reports on Best-Performing Cities, Bedroussian is also responsible for compiling the Milken Institute’s Cost of Doing Business Index; both of these studies have gained increasing popularity among business and policy leaders across the nation. Bedroussian earned his B.S. in applied mathematics and a master’s degree in economics from UC-Riverside. 43
Energizing California Milken Institute Benjamin Yeo is a Senior Research Analyst in the Regional Economics group at the Milken Institute. His expertise involves information technology planning and knowledge management for e-business and economic development; information systems/process management; and national information policy studies. Recent projects include the Keystone Workforce Cluster project in Pennsylvania, where he assisted in an analysis of the statewide IT work force; Pittsburgh’s Technology Strategy: SWOT Analysis, a study of Pittsburgh’s technology strategy; and research on Orlando’s newly approved Nemours Children’s Hospital, Nemours Children’s Hospital: Advancing Orlando’s Life Science and Economic Development. He received a Ph.D. in information science from the College of Information Sciences and Technology at Pennsylvania State University, and holds bachelor’s and master’s degrees from the School of Communication and Information at Nanyang Technological University in Singapore. 44
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