Market Economics Ltd is currently partnering with the following organisations.

Emergency Planning Limited

Market Economics has recently partnered with Emergency Planning Limited (EPL) who specialise in emergency and disaster risk management. 

Working together EPL and Market Economics have melded their respective areas of expertise to create ORCA-E which helps organisations better understand and quantify the potential economic impact of an emergency or crisis event. 

Using ORCA-E organisations are able to quantify the potential economic impact of an emergency event based on their levels of preparedness in four key areas – the 4Rs:

1. Reduction - the ability to reduce risks and their downstream impacts
2. Readiness - being prepared for emergence events
3. Response - dealing with emergencies in an appropriate manner
4. Recovery - strategies to recover quickly after an event

Economic Impact of the Redevelopment of Eden Park.  Horwath Asia Pacific Limited and Market Economics have recently completed work to estimate the economic impact on the Auckland Region of the redevelopment of Eden Park for Rugby World Cup 2011 and beyond (the legacy effect). This project involved establishing the impacts of Eden Park under Baseline (undeveloped) and Redevelopment Scenarios and considering the net difference. An input-output model of the Auckland Region was then used to determine the value added (GDP) and employment impacts of net additional expenditure in the Auckland Region resulting from the redevelopment.

Auckland Regional Council Pest Cost Benefit Analysis.  Undertaken for the Auckland Regional Council, this project involved a peer review of the costs-benefit model adopted by the Council for assessing pest control policies. Following an initial review of the methodology the model was modified by Market Economics to allow robust assessment of new pest control policy options. The modified model has been used by ARC Biosecurity officers to assess the range of flora and fauna defined as ‘pests’ across the Auckland Region (see the Proposed Auckland Regional Pest Management Strategy 2007-2012).

Local Government (Auckland) Amendment Act (LGAAA) Hearings.  Over the last year Market Economics has been involved in the preparation of expert evidence for clients at a range of LGAAA Hearings. To date, the hearings have addressed the issues of the Growth Concept, Transport and Business Issues. In all of these hearings Market Economics has assisted its clients present a strategy to manage future district and regional growth as the Auckland Region wrestles with the integration of goals amongst all districts and its regional policy document.

Waikato Region Economy-Environment Futures Project.  The purpose of this study was to provide Environment Waikato with information on the key economic-environment linkages that exist within the Waikato Region, and to examine the possible economic and environmental outcomes under a business-as-usual scenario of future economic change. This information will aid the Council in policy making by allowing the Council to anticipate the environmental pressures which might result from this economic pathway. Key methods used were the development and implementation of the Market Economics ‘Economic Futures’ Model, extensive literature reviews and key stakeholder consultation.

Genuine Progress Indicator (GPI).  Market Economics, in conjunction with New Zealand Centre for Ecological Economics (NZCEE) is currently undertaking the first comprehensive attempt to develop a Genuine Progress Indicator (GPI) for New Zealand. The GPI is regarded by many as a more comprehensive indicator of progress towards sustainable development than Gross Domestic Product (GDP). While GDP measures economic performance based on the flow of goods and services over time, the GPI also factors in social and environmental costs and benefits associated with growth. This gives a more complete and accurate picture of progress, wellbeing and sustainability. The results of this work are expected to be available in early 2007.

For more information on the history and development GPI measures we have provided a Radio New Zealand interview with Dr Ron Colman of GPI Atlantic, Canada conducted in January 2009.

Growth in Albany.  Albany is expected to experience significant retail, commercial and residential growth over the next 50 years, to the point where it will become the North Shore’s main regional centre. Market Economics is currently involved in a major project looking at how much growth is likely to occur at Albany, and how best to accommodate it.Work undertaken has analysed how much land will be required to accommodate the projected growth, and when this land should be made available for development. In consultation with urban planners, this analysis describes the path that city planners should take to achieve a cohesive, integrated centre able to supply the needs of future generations of North Shore residents. The findings of this work are currently being used as expert evidence in the Environment Court.