About the Milken Institute
A nonprofit, nonpartisan economic think tank, the Milken Institute works to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital, and enhance health. We produce rigorous, independent economic research and maximize its impact by convening global leaders from the worlds of business, finance, government, and philanthropy. By fostering collaboration between the public and private sectors, we transform great ideas into action.
About the Authors
Ross C. DeVol is chief research officer at the Milken Institute. He oversees research on international, national, and comparative regional growth performance; technology and its impact on regional and national economies; access to capital and its role in economic growth and job creation; and health-related topics. Since joining the Institute, DeVol has put his group in the national limelight with groundbreaking research on technology and its impact on regional and national economies. He is an expert on the new intangible economy and how regions can prepare themselves to compete in it. He examines the effects of technology, research and development activities, international trade, human capital and labor force skills training, entrepreneurship, early-stage financing, capital access, and quality-of-place issues on the geographic distribution of economic activity. DeVol is ranked among the "Super Stars" of Think Tank Scholars by International Economy magazine. He appears on national television and radio programs, including CNN's "Moneyline," "Wall Street Journal Report with Maria Bartiromo," Fox Business News, and CNBC. He is frequently quoted in print media, including the Wall Street Journal, the Financial Times, Investor's Business Daily, Forbes, the Economist, Time, and Bloomberg Businessweek. DeVol earned his master's degree in economics at Ohio University.
Armen Bedroussian is a senior economist at the Milken Institute. His work focuses on regional industry dynamics, economic impact analysis, and forecasting of regional and macroeconomic trends. His contributions to many of the Institute's research projects and publications have provided useful benchmarking tools to business and policy leaders. Bedroussian has co-authored numerous studies, including the annual "Best-Performing Cities" index, and was directly involved in the groundbreaking research contained in "An Unhealthy America: The Economic Burden of Chronic Disease" and "Mind to Market: A Global Analysis of University Biotechnology Transfer and Commercialization." His recent work includes "The Global Biomedical Industry: Preserving U.S. Leadership," "Jobs for America: Investments and Policies for Economic Growth and Competitiveness," and "North America's High-Tech Economy." Before joining the Institute, Bedroussian was an economics teaching assistant in micro- and macroeconomics at the University of California, Riverside, where he received a bachelor's degree in applied mathematics and a master's degree in economics.
Minoli Ratnatunga is an economist at the Milken Institute. Her work focuses on regional economic development and regional competitiveness. Before joining the Institute, she worked for eight years at the Allegheny Conference on Community Development, a regional economic development organization focused on improving the competitiveness and quality of life in the Pittsburgh region. At the Allegheny Conference, Ratnatunga focused her research on energy policy, transportation and infrastructure funding, and state tax competitiveness, working with civic and business leaders to help key decision-makers make better policy choices. She also led the economic impact study practice, managing the production of research reports that captured the importance of strategic industries and projects to the Pennsylvania economy. Ratnatunga has a master's degree in public policy and management from Carnegie Mellon University, and a bachelor's degree in philosophy and economics from the London School of Economics.