Economic Impact Analysis

Large projects and major policy changes can bring new resources to a region, exploit existing unutilised or underutilised resources and increase exports to other regions.  Economic impact modelling quantifies the value of the changes and allows a more informed decision to be made about whether to proceed with the proposed change.

Please click on the links below for examples of our economic impact analysis work.

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Mining

Synergies employs standard input-output models, a proprietary non-linear input-output model and compatible general equilibrium models in order to carry out our economic impact analysis.  We can model small and large regions across Australian jurisdictions.  Contact us to find out how we can assist you to scope your project.

mining-truck-economic-analysis

 

Rowland and Sibelco – Sand Mining on North Stradbroke Island

Date 2012
Task Quantify the economic impact of ceasing sand mining on North Stradbroke Island
Description We development an economic model for the Stradbroke Island economy and linked it to a model for greater Brisbane. We modelled the removal of sand mining from the island economy and increased tourism. The study found a significant direct and indirect impact on the Island’s economy which would not be offset by increased tourism.

 

 

Cape Alumina – Pisolite Hills Project

Date 2010
Task Quantify the economic impact of a bauxite project in Cape York
Description This study was part of a broader economic analysis used in the project’s EIS. A regional no-linear input output model was developed to quantify the impact of the project during construction and operation in North Queensland and flow-on impacts to other regions. A large proportion of benefits are retained in North Queensland but impacts extend to South East Queensland and other regions in Queensland.

 

Infrastructure

Synergies employs standard input-output models, a proprietary non-linear input-output model and compatible general equilibrium models in order to carry out our economic impact analysis. We can model small and large regions across Australian jurisdictions. Contact us to find out how we can assist you to scope your project.

infrastructure

 

AECOM – Connect SEQ 2031

Date 2009
Task Prepare an economic impact assessment of the preferred option of the draft SEQ Integrated Regional Transport Plan.
Description Connecting SEQ 2031 is a 22-year regional transport plan for the long-term needs of the people of South East Queensland. Impacts of the plan’s preferred scenario on the economy were modelled applying two different approaches. The first focused on the impact from developing road infrastructure. The second concerned the impact of changes in trip mix between public transport and private vehicle share respectively.

 

 

Tasmanian Irrigation Development Board – Headquarters Road Dam, Tasmania

Date 2009
Task Analyse the financial and economic viability of Headquarters Dam and assess its impact on the regional and Tasmanian economy.
Description A socio-economic profile of the region was developed and the impact of the project on the region’s industry structure, labour market and growth were assessed. Financial analysis of the dam and its proposed irrigation operations was undertaken and a farm model was developed in order to estimate the benefits of additional agricultural production. Cost benefit analyses were conducted, including relevant non-market factors and sensitivity testing conducted.