Cradle Coast RegionEconomic profile
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Cradle Coast Region

Shift-share analysis

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

In Cradle Coast Region, the strongest regional competitive effect between 2011/12 and 2016/17 was experienced in Health Care and Social Assistance.

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

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Shift-share analysis to Tasmania
Cradle Coast Region - Employment (Total)2016/172011/122011/12 to 2016/17
Industry
(Click rows to view sub-categories)
NumberNumberChangeBenchmark growth effectIndustry mix effectRegional competitive effect
Agriculture, Forestry and Fishing4,1613,616+545+56.0+456.6+32.8
Mining1,9362,401-464+37.2-381.9-119.6
Manufacturing5,5156,391-876+99.0-998.2+23.6
Electricity, Gas, Water and Waste Services604618-14+9.6-11.0-12.5
Construction3,9943,913+81+60.6+27.0-7.1
Wholesale Trade1,3291,971-641+30.5-532.2-139.8
Retail Trade5,5165,495+21+85.1+122.8-186.6
Accommodation and Food Services3,5273,349+178+51.9+280.7-155.1
Transport, Postal and Warehousing2,8133,024-211+46.9-153.8-104.0
Information Media and Telecommunications484516-31+8.0-72.7+33.4
Financial and Insurance Services604730-126+11.3-100.1-37.6
Rental, Hiring and Real Estate Services572583-10+9.0-44.8+25.3
Professional, Scientific and Technical Services1,5111,506+5+23.3-17.8-0.5
Administrative and Support Services1,6501,567+82+24.3+162.3-104.1
Public Administration and Safety2,3892,714-325+42.0-301.2-66.1
Education and Training4,0393,967+72+61.4+217.3-206.4
Health Care and Social Assistance6,2625,331+931+82.6+969.2-120.7
Arts and Recreation Services573423+150+6.6+16.8+126.6
Other Services1,9971,968+29+30.5+15.8-17.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Regional competitive effect by industry sector 2011/12 to 2016/17
Regional competitive effect by industry sector 2011/12 to 2016/17 Net change in Agriculture, Forestry and Fishing, Cradle Coast Region relative to Tasmania: 32.8 Net change in Mining, Cradle Coast Region relative to Tasmania: -119.6 Net change in Manufacturing, Cradle Coast Region relative to Tasmania: 23.6 Net change in Electricity, Gas, Water and Waste Services, Cradle Coast Region relative to Tasmania: -12.5 Net change in Construction, Cradle Coast Region relative to Tasmania: -7.1 Net change in Wholesale Trade, Cradle Coast Region relative to Tasmania: -139.8 Net change in Retail Trade, Cradle Coast Region relative to Tasmania: -186.6 Net change in Accommodation and Food Services, Cradle Coast Region relative to Tasmania: -155.1 Net change in Transport, Postal and Warehousing, Cradle Coast Region relative to Tasmania: -104.0 Net change in Information Media and Telecommunications, Cradle Coast Region relative to Tasmania: 33.4 Net change in Financial and Insurance Services, Cradle Coast Region relative to Tasmania: -37.6 Net change in Rental, Hiring and Real Estate Services, Cradle Coast Region relative to Tasmania: 25.3 Net change in Professional, Scientific and Technical Services, Cradle Coast Region relative to Tasmania: -0.5 Net change in Administrative and Support Services, Cradle Coast Region relative to Tasmania: -104.1 Net change in Public Administration and Safety, Cradle Coast Region relative to Tasmania: -66.1 Net change in Education and Training, Cradle Coast Region relative to Tasmania: -206.4 Net change in Health Care and Social Assistance, Cradle Coast Region relative to Tasmania: -120.7 Net change in Arts and Recreation Services, Cradle Coast Region relative to Tasmania: 126.6 Net change in Other Services, Cradle Coast Region relative to Tasmania: -17.5
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

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 2011/12 and 2016/17 in Cradle Coast Region in 2016/17 shows the three industries with the highest regional competitive effect in Cradle Coast Region relative to Tasmania were:

  • Arts and Recreation Services (+126.6)
  • Information Media and Telecommunications (+33.4)
  • Agriculture, Forestry and Fishing (+32.8)

The three industries with the lowest regional competitive effect were:

  • Education and Training (-206.4)
  • Retail Trade (-186.6)
  • Accommodation and Food Services (-155.1)

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