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Economic assessments carried out for the study have been supported by an input-output table provided by the National Institute for Economic and Industry Research (NIEIR) and derived from Australian Bureau of Statistics (ABS) data.
The table provided by NIEIR is an 86-sector transactions table for the Sunshine Coast LGA for 2018-19. Each sector corresponds to its place in the ANZSIC code at the two-digit level. Values are measured in $ million and employment is in terms of EFT, based on jobs prevailing in the region.
Two different input-output models can be derived from a regional input-output transactions table. The first is the so-called Leontief model, named after its founder (Leontief 1986). The second is the Ghosh model (Ghosh 1958). Both models have been applied in the present study.
The Leontief model is demand-driven. It offers a technique for analysing patterns of production associated with specified configurations of final demands. By assessing the extent to which various environmental goods and services stimulate final demands, their contribution to production in the region, both direct and indirect, can be determined.
The Ghosh model focuses on the supply side of the economic system. This model is appropriate for tracking value chains dependent directly or indirectly on value added for industries in the economy. The model identifies the pathways stemming from value added in any sector to the output values of all industries in the regional economy.
Details of the algebraic specifications of the two models and how they are constructed are provided in a Technical Appendix to the following report:
James, D., Ashford, G., Maynard, S. & Reeves, J. (2021), Natural Assets and Resource Dependent Industries in the Sunshine Coast Region: Approach to Economic Assessments. Valuing the Sunshine Coast’s Natural Assets Project – Thematic Research Stream 2. University of the Sunshine Coast.
Issued: 2022
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Identifiers
- usc : 11176283150002621
