Frontier News
- UK Competition Commission to remove regulations on electrical goods retail01.02.2012.
- Comprehensive report on the impact of climate change launched26.01.2012.
- Better accounting for infrastructure interdependency could contribute to growth 25.01.2012.
- Financial services watchdog to protect ‘irrational’ customers in UK25.01.2012.
- Frontier ranks first in Europe to work for20.01.2012.
- Mobile shopping on the rise19.01.2012.
- Frontier discussion event on future of retail banking10.01.2012.
- Competition Commission sets out future destination for bus market20.12.2011.
- Australian Competition Commission lifts exemptions on wholesale voice services19.12.2011.
- Frontier reports on ‘fair and reasonable’ solar feed-in tariffs 19.12.2011.
What is sport worth to Australia?
The Australian Sports Commission (ASC) held its biennial conference, Our Sporting Futures, on 29 and 30 July 2010. At this event, Brian Parmenter, who leads the Economy-wide modelling team at Frontier (Australia), presented the results of a study into the economic contribution of sport to Australia. The study identified three main ways in which sport delivers benefits to the economy, above those gained directly by providers of sport services or by participants.- First, community level sport promotes physical activity, with benefits in terms of reduced health-care costs and improved labour productivity. Improved labour productivity could contribute as much as $12 billion per year.
- Second, sport draws in a high level of volunteer participation. The labour input of volunteers is valued at approximately $4 billion per year.
- Third, the value to Australian households of international success by Australian elite athletes is likely to be well in excess of the annual budget for elite sports (which was about $23 per household per week in 2007/08.)
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