Economic Impact & CGE Modelling

Economic Impact Analysis (EIA) is an evaluation tool used to support the decision-making process in understanding the economic consequences of new policy, project, investment, or event. The primary purpose is to quantify, analyse and trace the total economic activity generated by the project of interest, usually from a local or regional perspective.

Synergies

Latest Case Studies

Case study

The value of investing in R&D for the WA sheep industry

The WA sheep industry makes a significant contribution to the State’s economy, and has experienced a resurgence in recent years on the back of strong wool prices and productivity gains, particularly in lamb meat production. At present, the industry generates approximately $1.25 billion in sales and employs around 5000 people directly, with a further 1, 350 indirect jobs. But the industry is facing challenges and will need to maintain it’s productivity growth trajectory to remain ...

Case study

The economics of responding to drought in Greater Sydney

Sydney Water engaged Synergies to develop an economic framework for quantifying the risks, costs and benefits of a drought management strategy for Greater Sydney. The framework examines the optimal sequence of new water supply projects as Sydney’s storage levels drop. The optimal strategy is one that avoids the risk of storages falling below critical levels (and triggering the need for very significant water restrictions), while minimising the cost of investing in capital projects that may ...

Case study

Assessing the economic benefits of the QUT Health and Wellness Precinct

Synergies was engaged by the Queensland University of Technology (QUT) to assess the economic benefits of the proposed QUT Health and Wellness Precinct, which will be designed to operate as a hub of excellence for translational research, innovation, teaching and learning with a strong focus on evolving technology. The project involved assessing the economic benefits of several programs and initiatives that are similar to the activities to be conducted within the Precinct in addition to ...

Case study

Assessing the economic benefits of restoring the historic Esperance Tanker Jetty

The Shire of Esperance is examining options for replacing the 80-year-old Esperance Tanker Jetty, which is currently in a dilapidated state. Synergies, in partnership with Whitney Consulting, was engaged by the Shire to prepare a cost benefit analysis as part of a business case for restoring the structure, with consequent tourism and amenity benefits for Esperance. The Shire used the business case and supporting analysis to apply for funding from the Australian Government’s Building Better ...

Case study

The Economic Impact of Robotics and Automation

Synergies investigated the implications of robotics and automation for the Queensland economy for the Queensland University of Technology (QUT). The report comprehensively surveyed the international experience of increased automation and found that the Queensland economy was particularly well placed to adapt to and benefit from increased automation.

Case study

Assessing the feasibility of the NuWater project

Synergies was engaged by the Queensland Farmers’ Federation (QFF) to undertake a water demand assessment and to assess the economic and financial and commercial feasibility of the NuWater project – a proposal to supply recycled wastewater from treatment plants in South East Queensland to agricultural producers in the Lockyer Valley and on the Darling Downs.

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