Regional skills profiling

Cadence Economics was commissioned by the Office of the Victorian Skills Commissioner (OVSC) to provide data and analytical support as they set about improving Victoria's training system. A key element of the OVSC's work has been establishing an Industry Engagement Framework that provides a structured platform for industry, unions and employers to drive this improvement.

The first major paper released from this process was the Mallee Regional Skills Demand Profile.

The paper highlights the challenges and opportunities facing the region, considering a wide range of factors such as understand local skills shortages, where local investment is being made, existing and future workforce training needs, and what skills will be required for local Mallee students, jobseekers and the workforce more broadly.

We were pleased to be able to support the production of this paper, working closely with the OVSC and the Nous Group, to provide the data analysis and economic modelling of skills demand and supply. The analysis is a showcase of our core competencies in:

  • Regional economic data analysis: We have also developed leading edge regional data tools including CEREV that measures regional economic value (gross regional product) and CERIOM which provides users with regional input-output tables down to Local Government Areas (LGAs).
  • Regional Computable General Equilibrium (CGE) modelling: We have tailored our CGE modelling capability to enable analysis of regional economic issues. In CEGEM, our regions are represented as fully functioning economies in their own right with trade links to other regions in Australia and overseas. Our analysis frequently considers economic impacts at the local government area (LGA) level, and sometimes at finer levels of detail depending on data quality.
  • Economic forecasting: Our CGE model provides us with an ideal tool for economic forecasting at the global, national, state and sub-state levels. The advantage of forecasting with a CGE model is it imposes the necessary rigour to ensure internal consistency and that the appropriate industry and regional linkages are captured. This capability is complemented by our in-house demographic forecasting model CEDEM.
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PO Box 5127 Braddon, ACT 2612

Tel:
(02) 6174 0244

e-mail:
contact@cadenceeconomics.com.au