International Services
Independent Economics (formerly Econtech Pty Ltd) provides economic modelling services meeting the needs of international clients. We are
strongly committed to independent economic modelling that provides robust analysis and real solutions for your economic problems. The
regions in which we operate include Singapore, the Middle East and Malaysia.
Singapore
A model of
Singapore known as MMS was constructed for The Monetary Authority of Singapore (MAS)
during 1998-99. It was launched in 2000, is maintained and used by the MAS, and is regularly reviewed and
further developed by us.
Download "Two decades of Macromodelling at the MAS".
Middle East
Chris Murphy, Director of IE,
was commissioned by the Abu Dhabi Department of Economic Development to build the first major macroeconomic
forecasting and detailed labour market models of Abu Dhabi.
- "Development of a Macroeconometric and Computable General Equilibrium model of the
Abu Dhabi economy", Emirate of Abu Dhabi, 20090-2010.
- "Development of a dynamic Computable General Equilibrium model and a Human Resource Development model of the
Abu Dhabi economy", Emirate of Abu Dhabi, 2010-2011.
Malaysia
We undertook detailed modelling of the impact of the proposed GST on consumer prices and the
Federal Government budget (2006-2007) for the Ministry of Finance.
We developed a Murphy-style macroeconometric model of Malaysia for the Ministry of
Finance (2006-2007). The model is used to assist in preparing economic forecasts and budget projections
for the Economic Report that accompanies the annual Budget. The development work was supported
by the Asian Development Bank while associated training was supported by the United Nations Development Program.
We constructed a detailed labour market model for the Economic Planning Unit (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, are
supported by the United Nations Development Program.
- "Human Resource Development Modelling System of Malaysia", Economic Planning Unit, Prime Ministers
Department of Malaysia, 2005.
For more information, email Dinar Prihardini or phone her on 0419 024 330.
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