Economic structural change is taking place at a regional and sectoral level. Economica supports and accompanies the players of economic structural change with an equally extraordinary as well as powerful portfolio of models and visualization instruments.
Central research interests in the area of the regional economy concern the accessibility of residential areas as well as the production sites, the guarantee of local supply and the availability of knowledge-intensive services in the area. The concept of accessibility includes both spatial (infrastructure-specific distances, digitization degrees, etc.) as well as temporal distance components (travel time distances, opening times, (un)planned system failures, etc.).
Examples of genuine product productions from Economica are value-added maps and accessibility areas. The former show the value-added intensity per unit of space (e.g. square kilometers) across the country to the regional or local level. Reachable mountain ranges, in turn, show the employment and income-generating opportunities in the area as a function of distance. When it is created, Economica uses its own unique suite of big data visualizations with a high degree of recognition based on raytracing technologies. Hot spots of value creation, prosperity poles and productivity barriers become evident, their characteristics (e.g. metropolitan versus polycentric development) tangible. Regional performance differences of several hundred percent per decade are due to certain causes. They are no coincidence, but the result of economic policy action and as such can be formulated in the future.
Our methodology portfolio
- Regional economic forecasts
- Travel time/reachability
- Value creation maps / Opportunity profiles
- Multiregional input/output model