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Competences
> Regional Projects
> Regional Projects
> International
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Regional Projects - International |
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Basis information for decisions in economic policy |
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Globalization and decentralization have increased the competition between regions and increasingly challenges decision-makers in economic policy. Based on its extensive databases and comprehensive models, notably the "International Benchmarking Program" (IBP), BAK Basel Economics surveys economic issues which are crucial for the regions. |
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Defining the own economic region |
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Precondition for meaningful analyses of economic regions is their definition. For this determination, you can distinguish between three different approaches: the structural, the functional and the administrative definition. The "International Benchmarking Database" (IBD) from BAK Basel Economics usually contains regional data on NUTS3-level and is following an administrative approach. In many cases those administrative regions significantly differ from the economic-functional regions. In order to account for these functional connections, BAKBASEL is defining the region based on functional criteria such as labour market and commuter streams, if necessary. Among others, this approach also allows to cope with cross-border economic areas. |
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Knowing the regional competitor |
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In order to know the position in the global competition of locations, the region has to be compared with others. Nevertheless, it is only useful to use comparisons if the regions have a similar starting point. BAKBASEL is choosing reference regions based on the following criteria: size, population density, economic structure, activity of innovation, geographic location and specific characteristics such as the existence of an important seaport, for example. The economic success of a region is therefore not the only criteria to choose from, but just one out of many. |
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Analysing the economic structure of the region |
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Differences in the development of different regions can be explained by analysing the structure of the regional economy with its branches and clusters. A structure analysis identifies the branches and sector of industries in which the region does particularly well, but also the potentials of the less developed ones. The analysis also shows the branches in which the region has developed worse in compare to its global competitors.
The foundation for this analysis is the IBD. For each of the covered regions the BAKBASEL possesses data for up to 45 branches. Like most states of the EU as well as Switzerland the NACE Rev. 1 – classification is used to define those branches. Besides the official branches the IBD comprises also 15 aggregates. |
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Comparing economic performance and location factors internationally |
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The international comparison of the economic performance and location factors of a region identifies its strengths and weaknesses. The foundation of these comparisons is the IBD. It comprises indicators for the economic performance of a region (e.g. GDP per capita or development of the productivity) and the relevant location factors such as for example taxation, innovation ability or quality of life. |
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Developing economic policy measures and concepts |
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On the base of this regional database analysis, BAK Basel Economics develops political guidance to support a region in the international competition in attracting businesses. By doing so, the region gains advice and backup for decision-making and argumentation to develop and implement a successful economic strategy. A continuous monitoring is able to evaluate the success of the respective strategy. BAKBASEL provides advice to its clients in all of these steps. |
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Contact:
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Marc Bros de Puechredon
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+41 61 279 97 25
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marc.puechredon@bakbasel.com
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