economic modelling & analysis | covec

By: Covec  06-Dec-2011
Keywords: Tourism, Economic Development, Modelling

Covec develops economic models and analyses complex datasets for a wide range of industries including energy, communications, transport, tourism, local government, banking and events. Our modelling assists organisations to forecast markets (supply, demand and price) and to analyse options. It is always carefully designed to be practical, transparent and theoretically correct.

Analysis of Residential Property Prices

Analysed data on 40,000 residential property sales to determine the effects of more than 100 different variables on residential property prices, and to isolate the specific effects of different locations.

Development of a transport vehicle fleet model

A model of the vehicle fleet that includes vehicles in size, age, and fuel categories, plus projections of vehicle kilometres. It is used to project future fuel demand and to analyse the impacts of technology shifts and government policy.

Development of an efficient waste management model

Ministry for the Environment (NZ)

Drivers of economic growth in Auckland

Royal Commission on Auckland's Governance

Review of the state of knowledge regarding economic growth in Auckland, including the potential benefits of agglomeration and innovation.

Energy demand forecasts

Ministry of Economic Development (NZ)

Analysed historical energy demand by a number of industrial sectors and provided projections of future energy demand and greenhouse gas emissions.

Regional tourism modelling

Covec has undertaken a range of projects involving the development of regional tourism models.  These include the regional tourism forecasts which are produced as part of the Ministry of Tourism’s forecasting programme, tourism analysis and forecasts developed for use in strategic planning processes and detailed analysis of the tourism impacts generated by major events.

The composition and scale of Auckland’s economy

Royal Commission on Auckland's Governance

Analysis of the population, the industrial structure, economic outcomes for Aucklanders, and the economic links between Auckland and other places.

The risk of viral contamination of blood products

Detailed empirical modelling of contamination rates in blood plasma samples in support of applications to federal regulators in the USA (the FDA).

Keywords: Economic Development, Energy Demand, Forecasts, Greenhouse Gas, Modelling, Tourism

Other products and services from Covec


forecasting & projections | covec

Covec is highly skilled at applying all modern forecasting techniques to assist clients with developing plans and strategies, including developing econometric and time-series models, economic modelling and stakeholder consultation. Our forecasts also incorporate qualitative information from industry stakeholders and other credible sources, to capture effects that are not easily incorporated into quantitative models.


litigation support | covec

In such cases, Covec can supply expert testimony, locate other experts, work with solicitors and barristers to formulate the case, and attend hearings for the purpose of cross-examination. Analysis and expert testimony on the economic implications of alternative treatments of taxation in the assessment of gas pipeline regulation, before the High Court in Wellington.


policy & cost-benefit analysis | covec

This project estimated the economic impact of the port by analysing the effect of its operations on the regional economy. Ports of Auckland is the largest port in New Zealand, carrying 37% of annual trade.


competition & regulatory advice | covec

Detailed empirical modelling of the cost and demand for different forms of waste collection in cities of varying sizes, including modelling economies of route density. Review of the telecommunications and broadcasting industries in Macao, and development of principles to guide drafting of competition law for these sectors.


commercial transaction support | covec

We have updated the forecasts several times since then to support various processes, including the partial sale of Cairns Airport to Auckland Airport in 2010 and a substantial debt refinancing process in 2011. Covec was commissioned by a consortium of investment banks to generate annual passenger forecasts to 2030 to support the purchase of Cairns & Mackay Airports in Northern Queensland.