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South West Regional Accounts (SWO Economy Module)

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South West Regional Accounts - March 2011 Release

The latest version of the South West Regional Accounts is now available. For more information about what's new click here. 

An Economy Module paper, entitled South West Regional Accounts: 11 years of data, provides an overview of the key regional messages of the March 2011 release.  It focuses on industrial and occupational structure and regional trade, aspects of the Accounts that may be less familiar to users.  Moreover, it re-introduces the economic impact analysis tool developed from the Regional Accounts' input-output approach.  Hopefully the headline analysis presented in this paper will give users a flavour of the types of analysis that can be performed using the SW Regional Accounts for different areas or sectors.

Whilst the South West RDA funding for the development of the SW Regional Accounts ended in August 2011, the latest version of the Accounts is still available for public access via this website. The Accounts remain an important tool to understand the structural make-up of the South West and sub-regional economy and remain an equally important tool in understanding the impact of specific interventions.

What are the South West Regional Accounts?

The South West Regional Accounts provide a detailed picture of the region’s economy through an easy to navigate, interactive database.  Based on the best sources of published and unpublished sub-national datasets, the Accounts can be used to extract statistical information at the regional and sub-regional level for more than 100 industrial sectors.  In addition, there is a selection of time series data for key economic statistics spanning 1998 to 2009.

The Accounts also incorporate an economic impact analysis tool that can be used to value the direct and indirect (multiplier effects) consequences of change within the economy, such as the relocation of a firm to the region.  

The South West Regional Accounts were funded by the South West Regional Development Agency for the benefit of partners across the region.  The Accounts are developed by Economic Systems Consultancy & Research

Who are they for?

The South West Regional Accounts are a major information resource for people who work in economic development, policy or who teach or study economics. 

How do I obtain the South West Regional Accounts?

The Accounts are available free of charge.  You can interrogate the full Accounts via a specially designed piece of software called ECON|i.  Alternatively, an abridged version of the Accounts can be accessed directly online.

  • Click here to download the full Accounts via ECON|i
  • Click here for the on-line version.

What data can be found in the Accounts?

The accounts contain detailed industry and sub-regional information on:

  • Gross value added (GVA) 
  • Employment
  • Exports of goods
  • Occupational structure
  • Employment income
  • Spending on goods and services
  • Capital investment
  • Firm size
  • Working hours
  • Worker qualification and occupation structure
  • Information on household incomes

Along with other useful economic statistics. The latest model of the SW economy is for 2008.  The time series dataset runs from 1998 to 2009.

Who can I contact for help with the South West Regional Accounts?

We have compiled some frequently asked questions about the Regional Accounts. If you still require assistance please contact the Economy Module.

What’s new?
  • The underlying input-output model (including the ‘What if’ function) is now based on 2008 data.
  • Latest Annual Business Survey data for 2008 converted to SIC 2003. 
  • Key economic time-series data such as GVA (provisional for 2009), full-time equivalent workers and number of businesses is estimated for 111 industries and the South West RDA priority sectors up to 2009.  This data is available for the region, 15 sub-regions and the rest of Great Britain.
  • There is further industrial detail for the construction, motor distribution, wholesale distribution and retail and hotel sectors.  It is now possible to look at the components of these industries at the regional level with time series data available back to 1998. 
  • Detailed export analysis by market and industry extended to 2009. 

Updating your Regional Accounts

Your copy of ECON|i should automatically update the next time you open the software.  Please note, there is also a help file, which can be downloaded from the Software Download page.   

Technical notes

Due to the nature of data used in the Regional Accounts, the estimates are subject to both sampling errors and estimation errors and hence, caution should be applied in interpreting estimates at detailed levels of industrial and/or geographical disaggregation.  Broad guidelines on the quality of different elements of the South West Regional Accounts can be found in the help file.

Download: ECON|i Software Version 2.12.  

 

Users who have downloaded version 2.1 may find that their software crashes with "Run-time error 53: File not found" during automatic data updates - users should now upgrade to download and install v2.12.  

Please note - there is a assistant (help) file that must be downloaded separately. 
Download: SouthWest Regional Accounts help file.  To load the file, unzip the contents of this file and replace within the ECON|i program folder (usually c:/program files/econ-i/) accepting any overwrite prompts.

Alternatively, if you do not want to download the full software package to your computer, you can use the slimmed down version of ECON|i ONLINE.

The March 2011 version of ECON|i is available online. 

ECON|i ONLINE  

Following user feedback, an abridged online version of the South West Regional Accounts is available.  This online version provides an immediate point of access to the South West Regional Accounts data, circumventing barriers with IT system requirements and bespoke skills, whilst maintaining the character and usefulness of the offline system.  Production of the online accounts was made possible by South West RDA funding.  

For more information on how to use the South West Regional Accounts Online, please contact the Economy Module

We hope you find the online version of the Regional Accounts useful - please send any comments to Economic Systems Consultancy & Research.

The Economy Module team at the South West RDA developed specific training packages to accompany the ECON|i software which runs the South West Regional Accounts.

If you would be interested in receiving training on how to use ECON|i please contact the Economy Module Team.