Economic analysis
Advanced users – Shift Share Analysis for calculating regional competitive advantage
There is a lot of great information in the economy.id sites that enable users to quickly tell a sophisticated stories about a local economy simply by interpreting the existing table, charts and analysis contained within each site.
Modelling the economic impact of job losses in the Car Industry
Australia once boasted a flourishing motor vehicle industry.
What is a "Location Quotient" and how do I calculate it?
Location Quotient (LQ) is a term that we hear a lot when working in the area of economic development so we thought it would be useful to explain exactly what it is and how it can be calculated using our online...
The evidence is clear: equality for women means progress for all
UN Secretary-General Ban Ki-moon made this statement in the lead up to this year’s International Women’s Day, “Countries with more gender equality have better economic growth. Companies with more women leaders...
What would be the real impacts if SPC closed?
A major political furore is happening at the moment over the Federal Government’s refusal to bail out SPC-Ardmona to the tune of $25 million to keep it operating. The government is saying no more bailouts, but...
City of Perth joins the economy.id community
.id is pleased to announce that the City of Perth has just joined the economy.id community.
Modelling the impact of changes to your economy
What effect would it have on your economy and your workforce if your area was able to attract a major new employer? What would be the ongoing job losses if a company were to close down in your area, not just in...
Do your industries mainly export or sell to locals?
All areas need some capacity for industry to grow and change, but the focus of areas can be quite different. Many places have a particular industry that they are known for, or specialise in, and which may be...
Sunshine Coast Council selects economy.id for major economic data project
Sunshine Coast Council recently released its Economic Development Strategy, and to keep track of the progress towards their economic development goals they selected economy.id, the online economic profile from...
Economy.id functionality summary
Economy.id has now been completely redeveloped with a raft of new functions and features.
How much is agriculture really worth to your economy?
They say Australia was built on the sheep’s back, but it’s well known that Agriculture has been a declining sector of the economy for quite a while. At least as far as employment is concerned. In terms of the...
Understanding the characteristics of tourism and hospitality in your area
Recently, we have added the “industry focus” section to economy.id. This highlights some extra datasets on specific industries which aren’t well represented in the rest of the site. They are not turned on by...
Measuring employment series – the importance of FTE
Guest blog by Dr Peter Brain, Executive Director of National Economics. (National Institute of Economic and Industry Research)
Fly-in/Fly-out workers
The phenomenon of the fly-in/fly-out worker has been a growing trend in Australia for the lasts 10 years or so. With the massive expansion of mining in many remote areas, Australians have shown a preference not...
20% discount is normally a good thing – but not with employment data
I recently met with a group of local government clients in NSW and we were discussing how to measure the success of their economic development activity by tracking change in the number of local jobs each year.
.id launches National Economic Indicators Series
.id, in conjunction with NIEIR (National Economics), have released a key set of economic indicators for every Local Government Area (LGA) in Australia. The indicators provide a snapshot of each local economy,...
Economic profiling just got more sophisticated
The economic data modelling in economy.id, done by National Economics, is a sophisticated micro-simulation model of your local economy, and is updated every year. We have just loaded a new dataset, complete to...
What’s with all these different employment figures?
I was recently asked by one of .id’s clients as to why there was a difference between the employment figures produced by the Census, and those produced by the Dept of Employment, Education and Workplace...
Reliable local area economic data is no longer hard to come by
With something like 200 councils using profile.id ® over the past 15 years or so, a frequently asked question at council briefing and training sessions has been, “Can you extend profile.id ® to include economic...
How to uncover issues in your economy to inform Economic Development policy, using economy.id
To develop successful Economic Development strategies, you need to know about your local economy. You need to know its strengths, and weaknesses. You need to know where it fits in the overall competitive...
Is Parramatta the economic heart of Western Sydney?
Parramatta was Australia’s first inland European settlement, and is often referred to as Sydney’s second CBD. While you could also make this claim for a few other areas in Sydney, the data shows that the City...
