Economic structural change is taking place at regional and sectoral level. Economica supports and accompanies the actors of economic structural change with a portfolio of models and visualization tools that is as exceptional as it is powerful.
Central research agendas in the field of regional economics concern the accessibility of places of residence as well as production locations, the guarantee of local supply and the availability of knowledge-intensive services in the region. The concept of accessibility includes both spatial (infrastructure-specific distances, degrees of digitisation, etc.) and temporal distance components (travel time distances, opening hours, (un)planned system failures, etc.).
Examples of Economica’s genuine product creations are value added maps and accessibility mountains. The former show the value-added intensity per unit of space (e.g. square kilometres) across the whole country down to the regional or local level. Accessibility mountains, on the other hand, show the chances of employment and income generation depending on distance in the area. For their creation Economica uses its own unique suite of Big Data visualizations with a high degree of recognition based on ray tracing technologies. Hot spots of value creation, poles of prosperity and productivity sinks become evident, their characteristics (for example metropolitan versus polycentric development) tangible. Regional performance differences of several hundred percent per decade can be traced back to specific causes. They are no coincidence, but the result of economic policy action and as such can be shaped in the future.
Our Method Portfolio
- Regional economic forecast models
- Driving time distance/accessibility mountains
- Value creation maps/opportunity profiles
- Multiregional Input-/Output-model
Dr. Christian Helmenstein
Tel.: +43 676 3200 401
Mag. Günther Grohall
Tel.: +43 660 3200 417