Oxford Economics is an economic consulting firm that uses advanced economic tools and analysis to provide insights to businesses, governments, and other organizations. It has a team of 100 economists with expertise in areas like economic impact analysis, cost-benefit modeling, forecasting, and valuing social impact. Oxford Economics works with clients to analyze important issues and clearly communicate complex economic analysis through various report formats and media.
Alessandra Faggian -The impact of external knowledge sourcing on innovation o...OECD CFE
Presentation by Alessandra Faggian, Gran Sasso Science Institute, L’Aquila, Italy at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Stephen Aldridge -Public sector efficiency in the UKOECD CFE
Presentation by Stephen Aldridge, Ministry of Housing, Communities and Local Government, UK at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
For my IB Extended Essay (EE), I chose a topic within Microeconomics; more specifically, contestable market theory. In this academic research paper, I investigated the following research question: “To what extent has the degree of contestability in the electric vehicle market changed in the United States between 2014 and 2019?”
Grade achieved: A
• In the May 2020 session, only 7.17% of candidates (2,975 out of 41,486) who wrote an Extended Essay on a social science achieved this maximum grade.
• Around 180 out of ~4,100 candidates who wrote an Economics Extended Essay achieved an A (above the 95th percentile), making it one of the hardest subjects to write an EE on.
• Overall, only 10.63% of candidates achieved an A on their Extended Essay in May 2020.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
Alessandra Faggian -The impact of external knowledge sourcing on innovation o...OECD CFE
Presentation by Alessandra Faggian, Gran Sasso Science Institute, L’Aquila, Italy at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Stephen Aldridge -Public sector efficiency in the UKOECD CFE
Presentation by Stephen Aldridge, Ministry of Housing, Communities and Local Government, UK at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
For my IB Extended Essay (EE), I chose a topic within Microeconomics; more specifically, contestable market theory. In this academic research paper, I investigated the following research question: “To what extent has the degree of contestability in the electric vehicle market changed in the United States between 2014 and 2019?”
Grade achieved: A
• In the May 2020 session, only 7.17% of candidates (2,975 out of 41,486) who wrote an Extended Essay on a social science achieved this maximum grade.
• Around 180 out of ~4,100 candidates who wrote an Economics Extended Essay achieved an A (above the 95th percentile), making it one of the hardest subjects to write an EE on.
• Overall, only 10.63% of candidates achieved an A on their Extended Essay in May 2020.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
The importance of the Mix Methodology for Studying Offshore Energy sector inventionjournals
The research in social science is not only qualitative but also quantitative. The tendency is to use qualitative or quantitative methods, although, mix methods are welcome. They performed a confirmation for the research. Recent studies on clusters have tried to link both methods towards a consistent with the research. On offshore energy sector the linkages between qualitative and quantitative approached are proposed. The qualitative will follow Michel Porter "diamond” model, analysing its four points (factor conditions; demand conditions; related and supporting industries; and firm's strategies, structure and rivalry, as well as government and chance. The quantitative method will be based on an I-O model for the Portuguese economy, estimating intra and inter sectorial relationships as well as the output and employment Keynesian model for this sector. The mix confrontation between these methodologies will achieve relevant results for further research on this sector.
This research analyse how Siemens Gamesa compete in the energy sector througout the wind power market. The analysis is focused on the internationalisation process and the vertical intregration strategy implemented by Siemens Gamesa.
The global market for silver nanoparticles is the growing demand for antimicrobial materials such as antimicrobial textiles in healthcare applications.
Electron Beam Machining Market by Application (Welding, Surface Treatment, and Drilling), Industry (Automotive and Aerospace & Defence), and Geography (North America, Europe, Asia Pacific, RoW)
Innovation Management Course : Review on 3 PapersRiri Kusumarani
A shallow papers review on these items:
Mansfield E. (1972): Contribution of R&D to economic growth in the United States. Science 175, 477-486.
Romer, Paul M., "Endogenous Technological Change," Journal of Political Economy, 1990, 98 (5, Part 2--Supplement): S71-S102.
Arrow, Kenneth. 1962. “Economic Welfare and the Allocation of Resources for Invention.” In The Rate and Direction of Inventive Activity: Economic and Social Factors, pp. 609-625. Princeton, NJ: Princeton University Press. READ pp. 618-626.
Reading Summary Week 3 : Innovation Management & Strategy
Papers:
Bresnahan, Timothy F., and Manuel Trajtenberg. 1995. “General Purpose Technologies: Engines of Growth?” Journal of Econometrics 65(1): 83-108.
Audretsch, David B. and Maryann P. Feldman (1996), "R&D Spillovers and the Geography of Innovation and Production", American Economic Review, Vol. 86, No. 3 (June).
The importance of the Mix Methodology for Studying Offshore Energy sector inventionjournals
The research in social science is not only qualitative but also quantitative. The tendency is to use qualitative or quantitative methods, although, mix methods are welcome. They performed a confirmation for the research. Recent studies on clusters have tried to link both methods towards a consistent with the research. On offshore energy sector the linkages between qualitative and quantitative approached are proposed. The qualitative will follow Michel Porter "diamond” model, analysing its four points (factor conditions; demand conditions; related and supporting industries; and firm's strategies, structure and rivalry, as well as government and chance. The quantitative method will be based on an I-O model for the Portuguese economy, estimating intra and inter sectorial relationships as well as the output and employment Keynesian model for this sector. The mix confrontation between these methodologies will achieve relevant results for further research on this sector.
This research analyse how Siemens Gamesa compete in the energy sector througout the wind power market. The analysis is focused on the internationalisation process and the vertical intregration strategy implemented by Siemens Gamesa.
The global market for silver nanoparticles is the growing demand for antimicrobial materials such as antimicrobial textiles in healthcare applications.
Electron Beam Machining Market by Application (Welding, Surface Treatment, and Drilling), Industry (Automotive and Aerospace & Defence), and Geography (North America, Europe, Asia Pacific, RoW)
Innovation Management Course : Review on 3 PapersRiri Kusumarani
A shallow papers review on these items:
Mansfield E. (1972): Contribution of R&D to economic growth in the United States. Science 175, 477-486.
Romer, Paul M., "Endogenous Technological Change," Journal of Political Economy, 1990, 98 (5, Part 2--Supplement): S71-S102.
Arrow, Kenneth. 1962. “Economic Welfare and the Allocation of Resources for Invention.” In The Rate and Direction of Inventive Activity: Economic and Social Factors, pp. 609-625. Princeton, NJ: Princeton University Press. READ pp. 618-626.
Reading Summary Week 3 : Innovation Management & Strategy
Papers:
Bresnahan, Timothy F., and Manuel Trajtenberg. 1995. “General Purpose Technologies: Engines of Growth?” Journal of Econometrics 65(1): 83-108.
Audretsch, David B. and Maryann P. Feldman (1996), "R&D Spillovers and the Geography of Innovation and Production", American Economic Review, Vol. 86, No. 3 (June).
In 2012/13, 20 years after LSE Enterprise took on its first two projects, we connected governments, charities and private sector companies with 388 academics and experts, from almost 50 of LSE’s departments, research centres, groups and units as well as beyond the School.
(ReflectionHighlights the need for further research, based onVannaJoy20
(
Reflection
Highlights the need for further research, based on the economic impacts of renewable energy developments on the Welsh tourism industry
(particularly industry based research)
This
Report
contributes to raising awareness regarding
the economic impacts that onshore wind energy has on the tourism sector in Wales
.
Further research into economically focused case studies is on going
Further Development of Supporting Theory is ongoing
Porter’s Diamond was taken out of V2 due to a difficulty in linking to the other models and relevance to the objectives.
) (
Contribution
Will show a clear understanding of the size, growth, trends and success factors of the tourism industry in the 7 Strategic Search Areas
by using market analysis to determine
the size and future trends of the sector, using desk research from industry and government data and also using survey to capture survey from local stakeholders
.
To determine the economic impact of proposed developments on the tourism industry; by using number of analytical tools to look at the benefits and
dis
-benefits
, such as a PEST analysis focusing on economic trends to measure potential economic impacts. Also using a Cost Benefit Analysis to see whether the potential benefits outweigh the potential
dis
benefits (particularly at an economic level)
T
o determine how Wind Farm developments could enable tourist activity in Wales
, by using an input-output analysis to measure the relationship between wind farm development and the tourism industry and also by looking at the economic effects of this relationship in terms of multipliers.
Shall provide complimentary support to the achievement of the key project aims, including; potential for positive economic impact in the Welsh tourism sector
) (
Supporting Theory
Objective Based:
Stakeholder Mapping
Mendelow
(1991)
–
to identify key stakeholders and to identify interests of stakeholders in relation to economic impacts of tourism in Wales.
Also identifies possible conflict of interests and can be used to look deeply at the relationships between these stakeholders.
Market Analysis
Kress et al (1994)
–
mainly used to assess the size, growth and future trends of the tourism sector. Size will focus on volumes (turnover, visitors, GVA). Trends focuses on potential changes in sector (opportunities + threats
)(
could change market size). Also uses desk research for industry figures (Govt, trade etc) as well as attitude surveys.
PEST Analysis
Used
to look at the political, economic, socio cultural, technological changes in the business environment
.
Helps to identify potential opportunities and threats (particular focus on economical side).
Cost Benefit Analysis
Depuit
(1844)
– used to measure the positive and negative consequences of a project
over a period of time
, while including s
ocial and environmental impacts.
Used to see if it is economically beneficial to the regions in terms of tourist activity.
Can be a quantifiab ...
2. Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
OXFORD ECONOMICS
Using economics
to inform policy and
business decisions
To influence stakeholders in today’s
demanding, resource-constrained
marketplace, organisations need convincing
evidence backed up by rigorous, easy-to-understand
economic analysis.
Oxford Economics’ team of 100 economists
are expert at applying advanced economic
tools—from economic impact analysis to
cost-benefit modelling and social return on
investment—that provide valuable insights
into today’s most pressing business, financial
and policy issues.
And our cadre of thought leadership
specialists are skilled at making our research
accessible to a targeted audience as
compelling white papers, analytical tools,
at-a-glance infographics and innovative
web-based media formats.
What sets us apart
World-class economic team: An
in-house team of 100 economists, the
largest economics team in the private
sector, including macro, industrial,
financial, labour and urban economists.
Advanced models: Our world-class
suite of global economic, industry and
city models, which support a full range
of forecasting and analytical functions.
Global reach: With offices around the
world and a global network of 500
contributing analysts, we are able to
provide in-depth data, analysis and
forecasts on 200 countries, 100 industrial
sectors and 3,000 cities.
Expertise in applied economics:
Our economists are skilled at applying
economic analysis to shed light on
business strategies, public policies and
future market opportunities.
Thought leadership expertise: With
extensive experience in business editing
and communications, our global thought
leadership team present complex
analysis in a clear, engaging way.
A distinctive brand: We have a globally
recognised brand, with links to Oxford
University, and a 30-year reputation
for delivering objective and rigorous
quantitative analysis.
www.oxfordeconomics.com/economic-insights
3. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Research techniques
Economic impact: Calculating the economic contribution an industry
or organisation makes locally, nationally, or globally.
Cost-benefit analysis: Informing decision-makers on the viability
of key initiatives by weighing the benefits against the costs.
Valuing social impact: Quantifying the value of social activity and
CSR programmes.
Feasibility and location studies: Supporting decisions about
where to target a market segment or locate a business.
Macro and micro forecasting: Forecasting economic and company-specific
trends on a global, national and city basis.
Data analytics and custom models: Applying econometric tools to
find meaning in internal or external data.
Labour market analysis: Understanding labour market dynamics for
business and government.
Economic development in emerging markets: Analysing economic
conditions and opportunities in less developed countries.
State and local competitive strategies: Helping local government
assess and build their economic and competitive position.
Scenario analysis and stress testing: Forecasting the impact
of alternative economic events on strategies and investments.
14
Si
Downstream
$2.2 tr
Total
Global Impact
$2.7 tr
Induced
$142 bn
Indirect
$116 bn
Electronic &
computer: 48.5%
Industry: 24.9%
Motor vehicles &
transport: 14.9%
Other: 6.1%
Services: 5.6%
Direct
$202 bn
4. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Economic impact analysis
Economic impact analysis is an effective way
of demonstrating the economic contribution an
organisation, industry, or investment makes to a
region or a country. Our impact studies typically
measure four major channels through which
organisations add value:
■■ Direct impacts—the jobs, GDP and fiscal
contributions generated by the organisation or
industry itself.
■■ Indirect impacts—jobs and GDP supported
by the organisation or sector via purchases
from its supply chain.
■■ Induced impacts—jobs and GDP supported
by the spending patterns of those employed
directly or indirectly by the organisation or sector.
■■ Catalytic impacts—longer-term
improvements in productivity and performance
by companies and industries in other sectors.
Our economic impact capabilities can be
combined with forecasting methods to assess
how the economic impact of a company or
industry will evolve in the coming years.
Enabling the Hyperconnected Age:
The role of semiconductors
The semiconductor is the material core of the Internet age. In a recent poll of
scientists, historians, and technologists, asked to rank the top innovations since
the wheel, the semiconductor came in fourth—just behind the printing press,
electricity, and penicillin. An Oxford Economics research project for the Global
Semiconductor Alliance found that the semiconductor contributed $2.7 trillion
in global GDP in 2012, and directly supported 1.3 million high-value jobs.
How Starbucks percolates the UK economy
Oxford Economics analysed the full contribution of Starbucks’ 738
stores to the UK economy by mapping the firm’s purchases from
domestic suppliers, and tracing the effects of staff wage spending
throughout the economy. We estimated that Starbucks contributes about
£338m to UK GDP each year and supports over 13,000 jobs. The report
also explored the benefits that Starbucks brings to sustaining high street
and the youth labour market.
Economic Impact of the Chinese Film and TV Industry
Oxford Economics was commissioned by the Motion
Picture Association (MPAA) to measure the economic
impact of the Chinese film and TV industry. Our report
documented the huge size of the industry, supporting
some 4.5 million employees across the economy and
with a total economic contribution of over 270 billion
Yuan in GDP annually.
5. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Cost-benefit analysis
Government and corporate decision-makers
deploy cost-benefit analysis (CBA) in order to
make critical decisions affecting both the public
and the private sector. CBA is of particular interest
to policy makers, since it can be used to decide
whether important initiatives—such as hosting the
Olympics or building a high-speed railway—are
worth undertaking from the point of view of the
entire society.
Unlike economic impact analysis, CBA takes into
account what society has to give up in order for
the benefits of a given project to be realised. Also
CBA can seek to quantify the costs and benefits
for which there is no tangible market value, such
as environmental implications or broader social
values associated with a given project. We are
uniquely able to present our findings in clear,
concrete economic terms that will resonate with
policymakers and executives around the world.
Valuing the British Library
London’s British Library is a world-class cultural
institution that relies on budget-restrained public
funding. To quantify the value the library brings to
the public, our economists conducted extensive
surveys of both library users and non-users and
incorporated a range of analytical techniques, such
as contingent valuation and time and travel cost
valuations, to measure internet services and other
Library offerings. Our research found that for every
£1 invested in the library, British society benefits by
£4.90, an excellent return on investment.
What is the value of the Great
Barrier Reef to society?
The Great Barrier Reef faces a variety of threats,
including climate change, which could irreparably
damage the reef by bleaching its corals. Our
economists assessed the reef’s overall value
and the cost of permanent bleaching, deriving
market-based values such as those stemming
from tourism and commercial fishing, but also
environmental values such as the reef’s function
as a protective storm barrier, its value as a
recreational fishery, and how much society might
be prepared to pay for preservation. The report
was used in Australian parliamentary debate to
highlight the importance of protecting the reef.
Economic valuation of the British
Library
January 2013
A report for the British Library
Andrew Tessler
6. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Valuing social impact
Our economists are adept at gauging the value organisations bring to society through
their activities, particularly when the contribution of these activities is difficult to quantify,
as is often the case with educational, training, and cultural initiatives. Deploying
techniques such as Social Return on Investment, we are able to monetise the
economic, social and environmental outcomes produced by a programme, allowing a
single assessment of the value derived from each dollar of investment made.
This is a powerful way to communicate the wider benefits of programmes
ranging from CSR activities, to charity work and NGO interventions. Our
experts have deployed SROI analysis to appraise projects on topics such
as unemployment services, drug and alcohol rehabilitation, and the social
impacts of corporate activities.
The economic and social impact of the London 2012 Olympic
and Paralympic Games
Prior to the London Olympics, our economic team produced a broad assessment of the
impact of the Games, looking at the period from July 2005, when the IOC awarded the
Games to London, through to 2017 − five years after the closing ceremony. The report also
examined the impact across construction and tourism, as well as the legacy impact on the
labour market and the physical environment, such as housing and parks and green spaces.
How aviation helps organisations around the world
This report assessed many aspects of the global air transport industry, including the direct and
indirect benefits of increased flight to individuals, economies, and societies. It examined the
industry in the context of its worldwide effects, illustrated by case studies on the impact of air
transport on modern lives around the globe—including the positive effects air transportation of
supplies has on local communities in poor parts of the world. The key findings were part of a
broad web and television based campaign involving the CEO.
7. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Feasibility and location studies
We help companies make location decisions
by analysing the supply of qualified workers,
competitive wages, and other geographically
variable operating costs, such as energy, taxes
and real estate. In addition, we provide rigorous
demographic, segmentation and market size
analysis for assessing new market opportunities.
Our unique combination of traditional location
consulting services and economic forecasting
skills allows us to support not only corporate
decision makers, but also economic development
officials seeking new business opportunities for
their regions, and private investors considering
the feasibility of real estate investments.
Our analytical capabilities and experience include:
■■ Location analysis, community evaluation,
site selection
■■ Feasibility studies
■■ Labour market evaluation
■■ Tourism attraction and economic development
Global Cities 2030
Oxford Economics’ groundbreaking Global Cities 2030 research programme examined a broad range of future market
trends across the world’s largest 750 cities. The programme included a databank of historical and forecast data covering
industry growth, consumer spending, household income, infrastructure expenditure, and labour trends, and comparative
rankings of world cities against key benchmarks.
Competitiveness of Belfast
A report for the Belfast City Council
analysing the city’s economic
competitiveness. The research
compared Belfast to other selected
EU cities across a range of economic
and social variables. It makes
judgements on Belfast’s relative
competitiveness, while also providing
a measurement of its quality of life
compared to a selection of cities.
8. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Macro and micro forecasting
Oxford Economics’ suite of global macro models enable us to forecast product
demand, industrial trends, economic conditions and business performance on a
global, national, sub-regional and city basis. Our models help clients understand the
most important factors determining the economic outlook for countries, spot turning
points and understand the impact of macro trends on their business and investments.
We also develop bespoke microeconomic models that can predict the
behavior of companies and consumers in a specific market or set of
circumstances. Our consultants are highly skilled at forecasting a wide
range of market behaviors and providing insights into the implications for
the broader economy.
London Thames Estuary Airport
Transport for London asked Oxford Economics to examine
the potential effects on the local and national economy of
a new hub airport in the Thames Estuary to alleviate the
pressing need for greater airport capacity around London.
Our economists investigated the current structure of local
employment around airports, and forecast longer-term size
and split by industry of future employment at the proposed
new site, as well as the impact of closing Heathrow Airport.
The impact of US savings on the
national economy
This innovative programme, which comprised a report,
media campaign, microsite and event, examined the
impact of US savings on the national economy. The report
showed how the US can lift its long-run economic growth
rate and reduce its dependence on foreign capital by
boosting the savings rate, and it offered insights into public
and private sector initiatives
that can help raise savings to
an optimal range of 6%.
Catching the next wave: China
Across China today there is a growing recognition that
the nation’s forecasted longer term challenge is to shift
from labour- and capital-intensive activities to those that
more deeply utilise knowledge, innovation, technology, and
marketing. This study examines China’s ability to capture
its future, and forecasts 20-year trends across a range of
key industries, from aerospace and energy to technology
and healthcare.
9. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Data analytics and custom models
Data is constantly flowing everywhere in business—inside and outside of the
company, end-to-end in corporate processes, throughout products and services,
surrounding customers and suppliers. Our economists specialise in finding
meaning in data, using innovative statistical, conceptual and modelling approaches
to give quantitative answers to a wide range of questions. We are able to gather
and incorporate data from multiple internal and external sources into our models to
help you identify business opportunities and risks.
Our economists work with companies to turn their data into useful decision
support or predictive analysis tools. We are experienced in creating insightful
indexes, impact models or cost-benefit tools that can be applied to a range of
topics—from talent to technology to market risks and opportunities—across
countries, industries and cities. These models and their outputs can be made
available on a proprietary basis, and developed into advanced interactive tools
accessible to your clients and other stakeholders.
The Web Index
Everyone acknowledges that the World Wide Web has
transformed everyday life over the past 20 years. But
measuring its impact on countries is a complex task.
Oxford Economics developed such an approach for the
World Wide Web Foundation, creating a pioneering ‘Web
Index’ to quantify internet penetration across the world and
show the political, economic and social impact of the Web
on 100 markets.
Real-Time Business
A programme to examine how technology for real-time
decision making affects businesses across the globe.
Drawing on survey findings that identified the quantitative
benefits of speeding up decisions across corporate activities,
Oxford was able to create a web-based analytical tool
that enables executives to assess the impact of faster
decision-making on their business. We also modeled the
potential impact of the wider adoption of real-time analytical
technology on key industries and world economies.
The Value of Signal and the Cost of Noise
This white paper describes the economic value companies
can obtain by using “best-in-class” analytics to lower costs
and improve revenues. The 300 companies we surveyed
told us they achieved a total economic benefit of roughly
$766 billion over the past year based on their use of
business analytics. The modelling showed that “big data”
analytics investments yielded an average 8.4% increase
in revenues and an average 8.1% improvement in cost
reduction in the previous fiscal year.
10. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Labour market analysis
At a time of rapid global change, understanding
labour market dynamics and the supply and
demand for skills is vital for businesses and
governments alike. Whether it is analysis of the
effect of regulatory changes on businesses or
assessing the supply of essential skills, our team
of economists has many years of experience in
developing labour market insights for corporate
and government decision makers. Our tools
include the Oxford Economics’ Global Economic
Model as well as econometric evaluation
techniques and forecasting models.
Our labour market analysis capabilities include:
■■ Strategic business workforce planning in times
of market transformation.
■■ Evaluating policy and regulatory changes
affecting employment, wages and skills.
■■ Gauging the state of the labour market for
different skills across various geographies.
■■ Assessing country, sub-regional and city labour
market conditions and skill requirements.
■■ Forecasting the evolving skills needs of sectors
of the economy.
■■ Market-sizing of education and training
markets across the globe.
Hays Global Skills Index 2014
The Hays Global Skills Index analyses the dynamics of
the world’s skilled labour market across 31 major global
economies. The Index provides a score for each country
which measures the pressures in its professional labour
market. That score is calculated through an analysis of seven
equally weighted indicators, each covering different aspects
of the labour market, such as education levels, labour market
flexibility, talent mismatch and wage pressures.
What’s happening to wages in the labour market?
That question has risen to the top of the political agenda in countries across Europe
and North America. The Confederation of British Industry (CBI), representing the
UK’s leading firms, commissioned our economists to analyse historical drivers of
compensation trends and how the UK’s recent experience compares with that of
other developed countries. Our analysis contributed new insights to the CBI’s major
report ‘Making Britain work for everyone’, allowing the CBI to break new ground in
this important public debate.
Global talent 2021
A research programme that measures and forecasts supply
and demand for talent across 46 countries, 18 industries
and a range of occupations. Drawing on primary data from a
survey of 353 global HR executives and secondary data from
the public and private sectors, Oxford Economics created this
unique talent databank to help firms plan their human capital
strategies and understand talent gaps and surpluses they face
when seeking staff in key countries.
11. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Economic development in emerging markets
Our economists are experienced at supporting government and corporate
decision makers in analysing economic conditions and opportunities in
less developed countries. Applying our regularly updated developing
country forecasts at the national, sub-regional and city levels, our
economists are skilled at producing detailed assessments that can inform
both development strategies for policymakers and investment strategies
for corporations. Our economists are also able to help corporate clients
understand how market opportunities—such as the different categories
of consumer spending—are likely to evolve in the years ahead, and the
implications of structural change.
Our capabilities include a range of applications:
■■ Economic analysis of market opportunities for corporate clients.
■■ Economic analysis of a country’s economic development strengths,
weaknesses, opportunities and threats.
■■ Economic modelling, forecasting and scenario analysis to project future trends,
outcomes, and risks, as well as to set development targets.
■■ Evidence-based economic strategy and policy advice.
UK Government’s Department for
International Development
Our economists developed a unique set of sub-national
economic accounts for Northern Uganda, estimating the region’s
economic output, industrial structure and export contribution.
The team designed and deployed a survey of 1,400 businesses
operating in the region—the first of its kind—complemented
by a survey of 66 local government officials, and wide-ranging
stakeholder consultations.
Our experts then built
an economic growth
forecasting model to
understand the future
trajectory of the region
under various scenarios.
Policy interventions and
recommendations
were identified.
Making FDI work for Sub-Saharan
Africa: Lessons from Liberia
Sime Darby, the world’s largest sustainable palm oil
producer headquartered in Malaysia, commissioned
Oxford Economics to produce an objective, evidence-based
report scrutinising the role, opportunities and
pitfalls of FDI in
Sub-Saharan
Africa, with a case
study on large-scale
agriculture
in Liberia. The
report developed
a FDI blueprint for
getting FDI right
in the region.
African Cities Forecast Service
Oxford Economics has developed a forecasting service
for almost 100 key business centres in Africa to measure,
benchmark and forecast economic performance in key
locations across the continent. This ground-breaking work
provides deep insights into income and consumer spending
patterns and how they are likely to evolve in the years
ahead.
Gulu
Lake Victoria
Arua
Moroto
KAMPALA
NORTHERN UGANDA
UGANDA
Lira
12. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
State and local competitive strategies
Sound economic development on a local government
level is a highly competitive struggle to create and
retain jobs, build vibrant communities, and prepare
for the future. Our economists can provide the global
perspective, strategy recommendations, and predictive
analytics to meet these challenges. Drawing on our
globally integrated economic, industry and city models,
we are able to provide an international lens through which
officials can better understand their communities’ key
industries and clusters.
Economic development agencies typically benchmark their
own key industries against competitive locations. We take
this same analytical approach, but bring added insights—
our up-to-date regional and industrial forecasts provide
perspective into how the competitive landscape will likely
change over time. And our cities databases can help
identify competing locations around the world, and areas
from which you might draw new foreign direct investment.
Importantly, we can help policy-makers better understand
the workforce, trade and supply chain relationships
among key industries in their location. This analysis
will help them identify new opportunities for business
development and infrastructure investment and design
forward-looking policies that will enable their community
to leverage all of its assets.
Cities of Opportunity
Each year, Oxford Economics works with PwC on its Cities of Opportunity research
programme. In addition to a white paper, the programme includes an interactive
city modelling tool that
enables you to benchmark
30 key cities across 59
indicators, including crime,
cost of living, working
age populations, traffic
congestion, access to FDI,
cultural vibrancy, public
transit, broadband access,
and other important
performance drivers.
Global Metro Monitor
The Global Metro Monitor assesses the economic
performance of 150 metropolitan areas
worldwide, with a focus on the impact of
the global recession of the late 2000’s. The
Brookings Institution report made use of
Oxford Economics’ city data and forecasts as
well as national-level data provided by Oxford
Economics’ Global Economic Model that
provided a forecast based on the historical
relationship between metropolitan-area
industry data and the national-level figure.
13. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Scenario analysis and stress testing
In today’s complex and volatile operating environment, executives
need more advanced forecasting tools that can assess the
impact of alternate economic assumptions on a business plan or
investment strategy.
That is why the world’s top organisations use Oxford Economics’
global economic model for scenario analysis and stress testing. Ideal
for conducting rigorous “what-if” analysis, the model allows us to
look at the implications of key economic risks and policy changes.
By linking 46 country models through trade and financial flows, our
model provides a unique open-architecture framework for assessing
the cascading impacts of alternative macroeconomic assumptions,
even those just concentrated in key regions or industries.
Scenario analysis and stress tests can be applied to a wide range
of business and regulatory activities:
■■ Test the robustness of a business plan or investment strategy
to external market forces
■■ Consider the risks of entering a new country market or sector
■■ Satisfy the requirements of bank regulators in conducting
stress tests
■■ Perform due diligence to demonstrate the resilience and
preparedness of your organisation’s risk management approach
■■ Inform strategic thinking, such as demonstrating how sales
performance will vary under different economic conditions
■■ Support government departments in budget forecasting and
economic policy decisions
Roadmap 2050
We worked as part of a consortium to model
the economic impact of reducing carbon
emissions. We produced two scenarios, a
baseline where greenhouse gases were
reduced according to ETS targets, and a
“power choices” scenario implying 75%
greenhouse gas reduction EU-wide.
Global Automotive Scenarios
Oxford Economics partners with LMC Automotive to assess the impact
of a range of plausible shocks to the global macroeconomic landscape,
and the resulting effects on Light Vehicle sales and production over
the coming years. The service provides a means for decision makers
within the automotive industry to remain well informed of potential
risks in the face of a constantly changing global economy.
The Impact of a China Slowdown on Global Credit Quality
A collaboration with Fitch Ratings to assess the
impact of a China slowdown. Oxford used its
global economic model to conduct a scenario
for 4% growth in China. Our what-if analysis
showed the effect on global trade, growth and
country risk—and demonstrated the economic
strain such a slowdown would put on Asian
emerging markets, and the world economy.
14. OXFORD ECONOMICS www.oxfordeconomics.com
Overview
Valuing social impact
Labour market
analysis
Economic impact
analysis
Macro and micro
forecasting
State and local
competitive strategies
Research techniques
Feasibility and
location studies
Economic development
in emerging markets
Cost-benefit analysis
Data analytics and
custom models
Scenario analysis and
stress testing
Contact information
Contact Global Offices
GLOBAL
Lou Celi, President and Executive Director
Tel: +1 (646) 786 1865
louceli@oxfordeconomics.com
AMERICAS
Barry Rutizer
Tel: +1 (646) 503-1863
barryrutizer@oxfordeconomics.com
Diantha Redd
Tel: +1 (646) 503-3052
diantharedd@oxfordeconomics.com
David Benedetto
Tel: +1 (646) 503-3053
davidbenedetto@oxfordeconomics.com
ASIA
Peter Suomi
Tel: +65 6829 7068
petersuomi@oxfordeconomics.com
EUROPE
Angelo Gidding
Tel: +44 207 620 8781
agidding@oxfordeconomics.com
OXFORD
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Oxford, OX1 1HB, UK
Tel: +44 1865 268900
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Australia
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