Economic impact analyses: 'old dogs , new tricks'.

Economic Models

Economic models are valuable tools to help assess the greatest net economic benefits of different projects - mainly measured by income generation and employment opportunities to a community. The most commonly used economic models are economic cost benefit analyses and economic impact models (standard static input: output or Computable General Equilibrium models).

Social License

Traditionally, economic impact assessments focus on the income and employment benefits of projects. The new evolving international viewpoint - that new projects should have a social license to operate within a local area - is increasingly challenging this narrow focus.

SED APPROACH

In line with the broader focus of economic impact assessments (followed by inter alia, the International Finance Corporation and supported by the International Association for Impact Assessments), SED analyses the impact of a proposed project on economic growth, fairness and stability within the context of the economic goals and concerns of a specific community. While standard economic modelling is still applied, our approach considers a broader range of economic issues in the management of social risk than traditional assessments.
SED SERVICES

•  Economic Cost Benefit Analysis
•  Economic Base Profiling
•  Economic Impact (direct and flow-on)
•  Economic impact assessments as part of Social Impact    Assessments
•  Mitigation and Enhancement Strategies
•  Monitoring and Evaluation
ABOUT US

SED follows international best practice principles to minimise risks for projects as well as for communities