Specialised Models
Access Economics produces a wide variety of specialised economic models for clients. Some of these are based on our existing in-house models, and others are designed and developed in-house. Specialised models are tailored specifically to the needs of the client, with the nature of the model dependent upon the complexity of the available data.
We aim to deliver models which are:
- Flexible
- User-friendly
- Easily understood
Examples of Recent Modelling Work
- Aged Care Dynamic Cohort model - A model of the demand, supply and financing of residential and community aged care services, for the Aged Care Price Review Taskforce.
- The State Intergenerational Model – Covers economic, budgetary and demographic trends in Australia at both the Federal and State levels. This model is used by all Australian State and Territory Governments.
- Demand for commercial property - Long-term forecast model including rent and yield forecasts in all major Australian office and industrial property markets.
- Victorian Long Term Budget Model - Incorporates macroeconomic and financial sub-models. This model is used by the Victorian Department of Treasury and Finance as a basis for ongoing simulation and modelling of revenue and expenditure and includes interactions with the Commonwealth Budget.
- Private Health Insurance model – A model of the private health insurance sector in Australia prepared for the Department of Health and Ageing, the PHI model projects key outcomes (including membership levels, premiums and the direct cost to Government) under a variety of different policy settings. The model projects over a number of years.
- The Residential Aged Care Microsimulation model – This is a policy simulation model of the residential aged care system – one with the ability to inform distributional (‘fairness’) implications across a range of alternative policy settings. The model can look at a data set of representative individuals in residential aged care and generate estimates of the fees and subsidies that would apply under different policy settings.
- The Migrants’ Fiscal Impact Model – Developed for the Department of Immigration and Multicultural Affairs, the Model estimates the future impact of new permanent migrants on the Australian Government (Commonwealth) Budget, incorporating the latest Budget information, and the latest migrant profile data from the Migration and Humanitarian programs, as well as a range of other updated data sources (including the Longitudinal Survey of Immigrants to Australia).
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