Inner West CouncilEconomic profile
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Inner West Council area

Shift-share analysis

In Inner West Council area, the strongest regional competitive effect between 2016/17 and 2017/18 was experienced in Agriculture, Forestry and Fishing.

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

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Shift-share analysis to New South Wales
Inner West Council area - International Import2017/182016/172016/17 to 2017/18
Industry
(Click rows to view sub-categories)
NumberNumberChangeBenchmark growth effectIndustry mix effectRegional competitive effect
Agriculture, Forestry and Fishing1415--+0.9-1.7+0.4
Mining4339+5+2.2+2.2+0.4
Manufacturing1,7131,634+79+94.0+8.1-23.3
Electricity, Gas, Water and Waste Services34--+0.2-0.3-0.1
Construction00--------
Wholesale Trade1212--+0.7-0.3-0.4
Retail Trade22--+0.1-0.1-0.1
Accommodation and Food Services8077+3+4.5-0.4-1.3
Transport, Postal and Warehousing9798-1+5.6-4.0-2.4
Information Media and Telecommunications6867+1+3.9-2.1-1.1
Financial and Insurance Services1920-1+1.2-1.5-0.7
Rental, Hiring and Real Estate Services2020--+1.2-0.3-0.5
Professional, Scientific and Technical Services7573+1+4.2+0.8-3.7
Administrative and Support Services1616--+0.9-0.2-0.7
Public Administration and Safety01--+0.1-0.10
Education and Training45-1+0.3-1.4-0.2
Health Care and Social Assistance66--+0.4-0.4-0.2
Arts and Recreation Services1414--+0.8-0.5-0.1
Other Services33--+0.2-0.10

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 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 2016/17 to 2017/18
Regional competitive effect by industry sector 2016/17 to 2017/18 Net change in Agriculture, Forestry and Fishing, Inner West Council area relative to New South Wales: 0.4 Net change in Mining, Inner West Council area relative to New South Wales: 0.4 Net change in Manufacturing, Inner West Council area relative to New South Wales: -23.3 Net change in Electricity, Gas, Water and Waste Services, Inner West Council area relative to New South Wales: -0.1 Net change in Wholesale Trade, Inner West Council area relative to New South Wales: -0.4 Net change in Retail Trade, Inner West Council area relative to New South Wales: -0.1 Net change in Accommodation and Food Services, Inner West Council area relative to New South Wales: -1.3 Net change in Transport, Postal and Warehousing, Inner West Council area relative to New South Wales: -2.4 Net change in Information Media and Telecommunications, Inner West Council area relative to New South Wales: -1.1 Net change in Financial and Insurance Services, Inner West Council area relative to New South Wales: -0.7 Net change in Rental, Hiring and Real Estate Services, Inner West Council area relative to New South Wales: -0.5 Net change in Professional, Scientific and Technical Services, Inner West Council area relative to New South Wales: -3.7 Net change in Administrative and Support Services, Inner West Council area relative to New South Wales: -0.7 Net change in Public Administration and Safety, Inner West Council area relative to New South Wales: 0.0 Net change in Education and Training, Inner West Council area relative to New South Wales: -0.2 Net change in Health Care and Social Assistance, Inner West Council area relative to New South Wales: -0.2 Net change in Arts and Recreation Services, Inner West Council area relative to New South Wales: -0.1 Net change in Other Services, Inner West Council area relative to New South Wales: 0.0
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
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 international import change between 2016/17 and 2017/18 in Inner West Council area in 2017/18 shows the three industries with the highest regional competitive effect in Inner West Council area relative to New South Wales were:

  • Agriculture, Forestry and Fishing (+0.4)
  • Mining (+0.4)
  • Other Services (0)

The three industries with the lowest regional competitive effect were:

  • Construction ()
  • Manufacturing (-23.3)
  • Professional, Scientific and Technical Services (-3.7)

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