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 and Malaysia.

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.

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.

Ministry of Finance building 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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