This new report on economic development and industry
interactions in remote and regional northern Australia has found
that a healthy northern economy needs to focus on how it produces
goods and services—hiring and buying locally—as well as
the types of products and services it produces.
The report, Regional Economic Multipliers in
Australia’s Savannas, is the result of research which was
part of an overall Tropical Savannas CRC project into outback
livelihoods. It found that organisations which use resources from
within a rural community or region help the local economy to become
more diverse—in turn making it more resilient—and
ensure development paths are sustainable long term.
The study surveyed more than 970 organisations across 17
industries—one of the most extensive ever done in the region.
Led by Dr Natalie Stoeckl and Associate Professor Owen Stanley of
James Cook University in Townsville, the study also found that
expenditure patterns of organisations in the savannas differed from
their wider Australian counterparts.
You can download the entire report, and executive summary
here.
Limited hardcopies are available; contact Dr Natalie
Stoeckl.