Since our establishment in 1986, we were one of the first organisations in Australia to implement economy-wide models on personal computers, and our commitment to innovative approaches continues with our research into better tools for solving realistic models that provide enhanced insights to clients.
Global economy-wide models
We are also involved in consortium based model development including ongoing development of the G-Cubed suite of models (of which we have a unique in-house version), and regular use of the GTAP global model.
Economy-wide country models
Currently we have in-house models that include economy-wide models for Australia and a range of other countries (China, Sri Lanka, Papua New Guinea, Thailand, the Philippines, Indonesia and so on) and commodity specific models for meat, grains, sugar, dairy, horticulture and irrigated agriculture. We have also developed innovative models for international education, tourism, international trade promotion and R&D funding.
Australian macro modelling
We also have a unique macroeconomic model of the Australian economy (AUSM) which we use to assist clients in working through the (sometimes surprising) ways in which macroeconomic factors will affect their businesses and activities.
Our simulation modelling expertise is coupled with a solid understanding of approaches to analysing risk and uncertainty, and we regularly use Monte Carlo simulation and other techniques for analysing risk and uncertainty for our clients. Our quantitative expertise also includes statistical and econometric techniques which we often use to obtain empirical insights from large data sets, ranging from retail scan data to household expenditure surveys.
Modelling and more
Our modelling capabilities are integrated into all aspects of our economic analysis and so our modelling services cover a wide client base. These have included Commonwealth Government departments and agencies (the Productivity Commission, the Department of Industry, The Department of Foreign Affairs and Trade), R&D Corporations (Meat and Livestock Australia, Horticulture Australia Ltd, Land and Water Australia and so on), State Governments, Industry bodies (the Minerals Council of Australia, the National Farmer’s Federation), International agencies (the World Bank, the United Nations, the Asian Development Bank).
For more on the G-Cubed suite of models see www.msgpl.com.au.