While IO multipliers inform decisions on the potential impacts of Government expenditure on the economy under strict assumptions, they do not measure community welfare. Limitations and caveats when using the calculator Employment estimates produced by the calculator refer to jobs supported across Australia and cannot be attributed to any specific location, as the multipliers used are derived using National Accounts data from the ABS. Users should rely on inputs that are robust and transparent to ensure they can be explained. full-time equivalent job supported per $1M of expenditure). Direct and indirect employment effects for programs (i.e.Direct employment effects for projects (i.e.The calculator takes user inputs and applies employment multipliers to show the: Assumptions should be clearly documented where detailed costing information is yet to be developed. Annual Government expenditure allocated to the industry identified.Is it a project or program? This distinction assists in identifying whether direct or direct and indirect effects should be calculated. Identified industries impacted by the investment proposal.The user inputs key assumptions associated with the potential proposal, including: Variations in results are driven by the inputs to the model, hence the numbers that are inputted and the related assumptions relied upon should be documented and based on reliable information. Users should read the user guide (includes methodology paper) before applying the tool and review the ‘Approach’ and ‘Limitations’ worksheets within the calculator to understand how the model works and how results should be interpreted. The calculator addresses these inconsistencies by providing a standard method on how employment effects can be estimated. This can create inconsistencies, and can make it difficult to compare programs. Some agencies may lack the expertise to undertake this analysis, by using outdated information or use methods that diverge in their approach. The NSW Treasury Employment Calculator was a tool developed in response to requests by NSW Government agencies seeking Treasury’s assistance to rapidly estimate the employment impacts of potential programs, including COVID-19 related programs. As a working tool, the employment calculator will continue to be refined and reviewed over time. The calculator and supporting documents outline presentation protocols, jobs supported instead of created, and the well-known limitations of the IO methodology for economic impact analysis. The NSW Treasury Employment Calculator is only one input that may be used to supplement existing rigorous evaluation techniques, such as cost-benefit analysis (TPP17-03). the number of full-time equivalent jobs supported per $1M of Government expenditure) used in the tool are based on ABS Input-Output Tables that can be used for this purpose. The calculator uses recent (2018-19) Australian Bureau of Statistics (ABS) data to derive input-output (IO) multipliers that enable transparent and comparable employment projections. The calculator is consistent with existing guidance on how analysis of employment supported by Government expenditure should be undertaken ( TPP 09-7 Policy Paper and TRP 09-3 Methodology Paper). It is designed to assist in the estimation of employment supported by Government actions, programs and policies. The calculator was developed to support Government decision-making in collaboration with NSW Government agencies. NSW Treasury has developed the NSW Treasury Employment Calculator, a tool for agencies to estimate the number of jobs supported by Government actions. What is the NSW Treasury Employment Calculator?
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