Adept Economics can help you understand:
We do this by first precisely defining your industry/sector or resource/activity. Then we gather available data and undertake primary data collection. In certain cases, we may bring in subject matter experts (e.g. on environmental/ecosystem services, tourism, health, etc) to ensure the data and modelling assumptions are credible.
We build a comprehensive economic model of the sector/activity, modelling inter-industry linkages (e.g. using an Input Output table). So, for example, we can estimate the contribution of sport and outdoor recreation on the hospitality and accommodation industries.
Adept Economics makes use of best practice frameworks, including e.g. for environmental valuation, the Total Economic Value framework, comprising direct and indirect use values and non-use values (i.e. bequest and option values).
Tailored services include…
Adept Economics has been engaged by the QFSR Skills Alliance to produce a 20-30-page report on the economic (i.e. GSP, FTE employment impacts), social and health impacts (incl. future savings to public health budgets from improved community health) of sport and active recreation in Queensland. For the purposes of this study, the sector is defined to include:
The report will be informed by desktop research and data analysis (e.g. of ASC, ABS, Tourism Research Australia, and IBISWorld industry data), as well as stakeholder consultations. It will draw on existing economic impact reports such as those by Boston Consulting Group and KPMG. A wide range of economic activities associated with the sector will be analysed, including:
Indirect economic (value added & FTE jobs) impacts—i.e. via purchases of goods and services the sector makes from other sectors—will also be estimated.
All estimates of impacts will be broken down for the four sub-sectors specified above (i.e. fitness industry, sport, outdoor recreation, community recreation).
