Economic Consultancy

Lawrence Consulting provides economic advice across a wide range of issues:

Market design and analysis: including project feasibility and impact analysis
Lawrence Consulting has extensive experience in the analysis of industry structures, particularly through the development of a Gross Regional Product (GRP) model, which estimates the economic contribution of 17 separate industry sectors (and subsequent industry sub-sets) to regional economies across Australia.

Lawrence Consulting has completed significant analyses, including feasibility studies, economic impact assessments, industry appraisal and cycle analysis, and economic development strategies specifically for the agricultural, manufacturing, retail, tourism / accommodation, banking, construction, property, transport, health and education industries.

The analysis completed above typically includes:

Economic impact assessment: measuring how a business, industry or project contributes to economic performance
Lawrence Consulting’s impact studies assess the contribution of a particular sector, company or investment project to the economy as a whole, at a regional, national and sometimes global level. Our economic impact studies typically quantify the total economic impact via four channels:

As well as providing written reports, we are also experienced in presenting our research to governments, the media and other organisations, and supporting our clients' representations to decision-makers.

Economic development strategy: advising on the design, impact, implementation and evaluation of regional development policies

Macro and sector forecasting: using the rigorous framework provided by our unique suite of models
Our sectoral work, covering detailed analysis of sectors and sub-sectors, dovetails with this macro background. We also have a range of models to analyse regional and local-area economic issues. Forecasts have been used to support a wide range of aims including cluster-based economic development strategies and medium-term scenario planning.

Business and product market: translating economic forecasts into forecasts for key markets and metrics

Regional analysis: analysing the dynamics of regional economies

Opportunity and risk assessment: modelling, monitoring and assessing the risks associated with individual economies and sectors

Business engagement and surveying: design, delivery, collation, analysis and presentation of specific survey instruments for market research purposes

Model building: creating and maintaining bespoke economic models to meet particular needs
Lawrence Consulting has significant expertise in undertaking economic impact assessments, cost benefit analyses and feasibility studies, all of which combine economic concepts with financial evaluation. Examples of assorted modelling tools developed include:

PO Box 2567, Toowoomba Q 4350
P +61 7 4613 0206   M 0437 180 566
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