In March 2012 the Economic Advisory Group (EAG) commissioned Cambridge Econometrics (CE), in collaboration with SQW Ltd (SQW), to develop a Competitiveness Index to provide base case information on the Northern Ireland economy.
The project team developed and tested the methodology to construct the Index. This Final Index Report presents the findings: the methodological and process issues that have arisen and how these have been addressed; and the results of the (base case) Index 2012/13 with analysis and interpretation.
In developing and testing the methodology to construct the Index for Northern Ireland for the first time, a number of challenges have been faced and overcome. The data compiled to construct the Index comprise around one-quarter of indicators collected from statistical data sources and the remaining three-quarters from an Executive Opinion Survey (EOS).