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 and Malaysia.
The 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".
In 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.
In 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.
For the Malaysia Ministry of Finance, we undertook detailed modelling of the impact of the proposed GST
on the Consumer Price Index, the prices of everyday shopping items,
and the Federal Government budget (2006-2007).
We also developed a macroeconometric model of Malaysia for the Ministry of
Finance (2006-2007). It is designed 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.
For more information, email Dinar Prihardini or phone her on 02 6295 8884.
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