2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT


Despite these limitations, Input-Output techniques provide a solid approach for taking account of the inter-
relationships between the various sectors of the economy in the short-term and provide useful insight into the
quantum of final demand for goods and services, both directly and indirectly, likely to be generated by a project.

In addition to the general limitations of Input-Output analysis, there are three other factors that need to be
considered when assessing the outputs of sub-regional transaction table developed using the above approach,
namely:

•   It is assumed the sub-region has similar technology and demand/ consumption patterns as the parent
    (Australia) table (e.g. the ratio of employee compensation to employees for each industry is held constant).

•   Intra-regional cross-industry purchasing patterns for a given sector vary from the national tables depending on
    the prominence of the sector in the regional economy compared to its input sectors. Typically, sectors that are
    more prominent in the region (compared to the national economy) will be assessed as purchasing a higher
    proportion of imports from input sectors than at the national level, and vice versa.

•   The size of the regional economy is assumed to have an inverse relationship with the requirement to import
    goods/ services to meet its needs (i.e. the smaller the economy, in general the greater the reliance on imports).




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