Northern Tasmania Region
Economic Impact Model
Economic impact modelling enables the Northern Tasmania Region to explore how changes in employment or output (sales) due to a new project, business or policy will impact on all other sectors of the economy. It does this by using an input-output model derived from the local economy microsimulation model by National Economics (NIEIR) to model the flow-on effects across different industries.
This provides the Northern Tasmania Region with powerful evidence to advocate against industrial closures or strategically target new industry sectors which are likely to have the greatest positive economic impact.