In 2020, StudyPerth commissioned ACIL Allen to quantify the economic importance of international education to the [Western Australian] WA economy [available in VOCEDplus at TD/TNC 147.715]. It was estimated that in 2019, the 53,404 international student enrolments in Western Australia boosted the State's Gross State Product by $2.1 billion and supported almost 12,000 direct and indirect [full time equivalent] FTE jobs across Western Australia. Since the completion of this study in April 2020, the international education sector has been hit hard by the [Coronavirus Disease 2019] COVID-19 pandem
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In 2020, StudyPerth commissioned ACIL Allen to quantify the economic importance of international education to the [Western Australian] WA economy [available in VOCEDplus at TD/TNC 147.715]. It was estimated that in 2019, the 53,404 international student enrolments in Western Australia boosted the State's Gross State Product by $2.1 billion and supported almost 12,000 direct and indirect [full time equivalent] FTE jobs across Western Australia. Since the completion of this study in April 2020, the international education sector has been hit hard by the [Coronavirus Disease 2019] COVID-19 pandemic, as governments around the world closed their borders to protect the health and wellbeing of their citizens. The impact of the COVID-19 pandemic and associated travel restrictions has continued into 2021, with a timeline for the return of international students to Western Australia remaining unclear.
In light of the significant impact that the COVID-19 pandemic and associated travel restrictions has had on the international education sector since early 2020, StudyPerth engaged ACIL Allen to estimate the economic contribution of the international education sector in 2020, and compare this with the 2019 results. In addition, StudyPerth has sought to understand the economic outlook for the international education sector based on an assumed path back to pre-COVID-19 student numbers in Western Australia. As a result, in this study ACIL Allen has completed an additional two modelling tasks. First, ACIL Allen has run an additional four simulations of its [input-output] I-O model on the projected economic impacts of the international students in WA based on the forecast international student numbers in 2021 and 2022. Second, in order to determine the economy-wide implications of labour shortages arising from a reduction in international student numbers, ACIL Allen applied its Computable General Equilibrium (CGE) model, Tasman Global, to dynamically pick up the impacts of labour market constraints on sectors of the economy that typically source international students for part-time work.
Excerpt from publication.
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