Economics
BaylorBusiness

Tom Kelly

Dr. Tom Kelly is a professor of economics at Baylor University and serves as director of the Baylor Center for Business and Economic Research, a position he has held for 28 years. He teaches courses in urban economics, business forecasting, and macroeconomic theory at the undergraduate and graduate levels. He also serves as graduate program director for Baylor's Department of Economics.

Dr. Kelly has developed annual economic forecasts for the Central Texas economy since the early 1980s, leading to a deep understanding of business activity in the region and its connection to national and global conditions. He provides data and insight to prospective investors in Central Texas and regularly contributes his views through the local media. His bi-monthly consumer price index for Central Texas is used by many employers and property owners to adjust wages and rents.

Dr. Kelly consults continuously with civic leaders, bankers, purchasing managers, home builders, and others about local business conditions. He has developed models to measure the local economic impact of Baylor athletics, the Heart of Texas fair complex, the mammoth site, and many other projects. Outside Central Texas, he has examined the economic impacts of stadium investments in other local communities, including an analysis for the City of Arlington of the new Cowboy stadium. His involvement in many study groups, such as the VA Hospital task force, has provided valuable service to the local community.

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