Department of Industry, Science and Resources
Ministerial Brief - Update On Recent Microdata Analysis Of Industry Composition And Programs.
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The Department of Industry, Science and Resources briefed ministers on microdata analysis initiatives examining industry composition and program effectiveness. The submission reported findings from a quantitative impact analysis of the Entrepreneurs' Programme (predecessor to the Industry Growth Program), revealing that participants experienced faster growth in turnover, wages, exports, and employment compared to non-participants, with strongest outcomes when advisory services were paired with grants. However, the analysis noted measured increases in capital expenditure or labour productivity were absent, and acknowledged difficulty in fully attributing growth effects to program participation given participants' pre-existing faster growth trajectories. The department is also developing an Emerging Industries Database and the Wealth and Housing Assets Module (in consortium with Treasury, DSS, RBA, ABS, ATO, and ASIC). Research reports from both initiatives are scheduled for publication on the department's website, with methodology and preliminary results to be presented at the Australian Conference of Economists in July.
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