In Murchison Area, the strongest regional competitive effect between 2010/11 and 2015/16 was experienced in Construction.
Shift Share Analysis provides a useful mechanism for better interpreting changes in economic variables between different time periods. It is a way of breaking the growth or decline in an industry into three components to help understand what is driving the change. These three change components are commonly known as:
National/State growth effect - the amount of growth or decline in an industry that could be attributed to the overall growth of a larger area that encompasses the region's economy, usually state or national.
Industry mix effect - the amount of growth or decline in an industry that could be attributed to the performance of the specific industry at the national/state level.
Regional competitive effect - the amount of growth or decline in a specific industry that could be attributed to a local advantage or disadvantage. This is generally the most interesting component as it clearly quantifies the level of advantage or disadvantage an industry has in the local area.
The regional competitive effect for an industry generally indicates how the local industry performed against benchmark trends. An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. For example, if Retail Trade in a region grew by 3% but at a state/national level it only grew by 2%, some regional specific factors (e.g. new shopping centre, population growth) must have contributed to this above trend growth. A negative effect suggests the opposite.
An industry with a positive regional competitive effect may still have experienced decline, but by less than the state/national trends.
National Economics (NIEIR) - Modelled series
|Shift-share analysis to Greater Hobart|
|Murchison Area - Employment (Total)||2015/16||2010/11||2010/11 to 2015/16|
|Industry (Click rows to view sub-categories)||Number||Number||Change||Benchmark growth effect||Industry mix effect||Regional competitive effect|
|Agriculture, Forestry and Fishing||1,705||1,733||-27||+63.3||-144.6||+54.1||23000|
|Electricity, Gas, Water and Waste Services||122||100||+23||+3.7||-8.4||+27.3||23300|
|Accommodation and Food Services||878||899||-21||+32.9||-2.0||-52.1||23700|
|Transport, Postal and Warehousing||463||467||-4||+17.1||-13.3||-7.4||23800|
|Information Media and Telecommunications||59||46||+13||+1.7||-1.3||+12.6||23900|
|Financial and Insurance Services||97||93||+4||+3.4||-1.8||+2.2||24000|
|Rental, Hiring and Real Estate Services||110||106||+3||+3.9||-1.4||+0.7||24100|
|Professional, Scientific and Technical Services||257||267||-11||+9.8||+1.8||-22.1||24200|
|Administrative and Support Services||227||264||-37||+9.7||+3.9||-51.0||24300|
|Public Administration and Safety||398||424||-26||+15.5||-2.4||-39.5||24400|
|Education and Training||713||819||-107||+30.0||+81.4||-218.2||24500|
|Health Care and Social Assistance||744||801||-58||+29.3||+45.9||-132.8||24600|
|Arts and Recreation Services||82||83||--||+3.0||+6.9||-10.4||24700|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data is based on 2015-16 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.
Compiled and presented in economy.id by .id the population experts
An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. A negative effect suggests local characteristics inhibited growth in that period.
An analysis of employment (Total) change between 2010/11 and 2015/16 in Murchison Area in 2014/15 shows the three industries with the highest regional competitive effect in Murchison Area relative to Greater Hobart were:
- Manufacturing (+97.7)
- Agriculture, Forestry and Fishing (+54.1)
- Electricity, Gas, Water and Waste Services (+27.3)
The three industries with the lowest regional competitive effect were:
- Mining (-310.0)
- Retail Trade (-226.7)
- Education and Training (-218.2)