Parkes ShireEconomic profile
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Parkes Shire

Shift-share analysis

In Parkes Shire, the strongest regional competitive effect between 2012/13 and 2017/18 was experienced in Mining.

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
Parkes Shire - Employment (Total)2017/182012/132012/13 to 2017/18
Industry
(Click rows to view sub-categories)
NumberNumberChangeBenchmark growth effectIndustry mix effectRegional competitive effect
Agriculture, Forestry and Fishing785721+64+89.8-33.1+7.1
Mining651527+124+65.7-45.5+103.4
Manufacturing209328-119+40.9-69.4-90.5
Electricity, Gas, Water and Waste Services7885-8+10.7-17.6-0.6
Construction351417-65+51.9+65.9-183.1
Wholesale Trade129191-62+23.8-49.9-35.9
Retail Trade642721-79+89.8-11.0-158.2
Accommodation and Food Services493471+22+58.7+27.9-64.4
Transport, Postal and Warehousing456411+44+51.2-37.3+30.5
Information Media and Telecommunications2750-24+6.3-7.8-22.3
Financial and Insurance Services8175+6+9.4-1.8-1.2
Rental, Hiring and Real Estate Services5256-4+7.0-1.9-9.0
Professional, Scientific and Technical Services138175-37+21.9+10.5-69.9
Administrative and Support Services140157-17+19.6-6.5-30.5
Public Administration and Safety445440+5+54.9-10.4-39.6
Education and Training588502+86+62.5+61.2-37.6
Health Care and Social Assistance839688+150+85.7+103.6-39.0
Arts and Recreation Services5440+14+5.1-2.3+11.1
Other Services278272+6+33.9-12.4-15.2

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 2012/13 to 2017/18
Regional competitive effect by industry sector 2012/13 to 2017/18 Net change in Agriculture, Forestry and Fishing, Parkes Shire relative to New South Wales: 7.1 Net change in Mining, Parkes Shire relative to New South Wales: 103.4 Net change in Manufacturing, Parkes Shire relative to New South Wales: -90.5 Net change in Electricity, Gas, Water and Waste Services, Parkes Shire relative to New South Wales: -0.6 Net change in Construction, Parkes Shire relative to New South Wales: -183.1 Net change in Wholesale Trade, Parkes Shire relative to New South Wales: -35.9 Net change in Retail Trade, Parkes Shire relative to New South Wales: -158.2 Net change in Accommodation and Food Services, Parkes Shire relative to New South Wales: -64.4 Net change in Transport, Postal and Warehousing, Parkes Shire relative to New South Wales: 30.5 Net change in Information Media and Telecommunications, Parkes Shire relative to New South Wales: -22.3 Net change in Financial and Insurance Services, Parkes Shire relative to New South Wales: -1.2 Net change in Rental, Hiring and Real Estate Services, Parkes Shire relative to New South Wales: -9.0 Net change in Professional, Scientific and Technical Services, Parkes Shire relative to New South Wales: -69.9 Net change in Administrative and Support Services, Parkes Shire relative to New South Wales: -30.5 Net change in Public Administration and Safety, Parkes Shire relative to New South Wales: -39.6 Net change in Education and Training, Parkes Shire relative to New South Wales: -37.6 Net change in Health Care and Social Assistance, Parkes Shire relative to New South Wales: -39.0 Net change in Arts and Recreation Services, Parkes Shire relative to New South Wales: 11.1 Net change in Other Services, Parkes Shire relative to New South Wales: -15.2
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 employment (Total) change between 2012/13 and 2017/18 in Parkes Shire in 2017/18 shows the three industries with the highest regional competitive effect in Parkes Shire relative to New South Wales were:

  • Mining (+103.4)
  • Transport, Postal and Warehousing (+30.5)
  • Arts and Recreation Services (+11.1)

The three industries with the lowest regional competitive effect were:

  • Construction (-183.1)
  • Retail Trade (-158.2)
  • Manufacturing (-90.5)

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