International Services

Econtech Pty Ltd, trading as Independent Economics, is strongly committed to independent economic modelling that provides robust analysis and real solutions for the economic analysis needs of our international clients. The regions in which we operate include Singapore, Malaysia and the Middle East.

Singapore

Malaysia

Middle East

Singapore

MAS buildingThe Monetary Model of Singapore (MMS) was constructed for The Monetary Authority of Singapore (MAS) during 1998-99. It was launched in 2000, and is regularly updated and used by the MAS. Independent Economics provides support each year to maintain and further develop the model.

Download "Two decades of Macromodelling at the MAS".

Treasury buildingIn 2012 Independent Economics undertook a consultancy for the Singapore Ministry of Finance to design and develop a quantitative medium-term fiscal model of Singapore. The model generates medium-term scenarios for the budget and the economy on a year-by-year basis.

MOM buildingIn 2015 Independent Economics undertook a consultancy for the Singapore Ministry of Manpower to extend the medium-term fiscal model of Singapore by adding a labour market module. The extended model, which is designed for use by both the Ministry of Finance and the Ministry of Manpower, generates medium-term scenarios for the budget, the economy and the labour market on a year-by-year basis.

Malaysia

EPU buildingsIn 2012 Independent Economics undertook a consultancy for Malaysia's Economic Planning Unit (EPU) to develop a new dynamic CGE-Household Model for Malaysia. The model is designed to analyse the effects of economic policies on different industry sectors and types of households on a year-by-year basis to 2030.

Previously, we constructed a detailed labour market model for the EPU (2003-2005). The model projects supply and demand for detailed occupations based on projections for educational attainment and industry employment. Later, we were commissioned to upgrade the model (2007-2008). Both the initial model, and the upgrading, were supported by the United Nations Development Program.

Middle East

Abu Dhabi DED buildingChris Murphy, Director of Independent, was commissioned by the Abu Dhabi Department of Economic Development (DED) to build the first major macroeconomic forecasting and detailed labour market models of Abu Dhabi. In 2013 DED commissioned Independent Economics to update and enhance those models.

  • "Development of a Macroeconometric and Computable General Equilibrium model of the Abu Dhabi economy", Emirate of Abu Dhabi, 2009-.
  • "Development of a dynamic Computable General Equilibrium model and a Human Resource Development model of the Abu Dhabi economy", Emirate of Abu Dhabi, 2010-.

For more information, email our office.

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