Wayne Davies has worked as a professional economist for approximately ten years (8 ½ years Transport and Main Roads and 1 year Building Queensland). Wayne’s areas of expertise relate to welfare economics, transport economics and cost benefit analysis. Wayne has evaluated a diverse range of road and transport projects in Queensland, which include flood immunity projects, public transport projects and heavy vehicle rest areas. Wayne has led and/or played a vital role in the evaluation of several programs of work, which includes the Warrego Highway Upgrade Program, the Bruce Highway Action Plan, and Northern Australia Roads Program. Wayne has also developed several economic models, which includes a non-infrastructure multi-modal model, rural road cost benefit analysis model, and social impact evaluation model. Wayne has authored numerous peer reviewed papers and presented his findings at conferences and forums such as, the ARRB Conference, Australasian Transport Research Forum and the European Transport Conference. Wayne developed the Social Impact Evaluation approach currently being used by Building Queensland.
Wayne has also peer reviewed the economics and social impacts for major projects such as Public Safety Regional Radio Communications, Beerburrum to Nambour Rail Project, and Cross River Rail Project.
Wayne obtained a Bachelor of Science with Honours in Economics and Management in 2004 from the University of London and a Masters of Applied Economics in 2007 from Griffith University.
2017- Present Owner/Director: Spectrum Economics
2016-2017 Social Benefits Manger: Building Queensland
2012-2016 Senior Economist: Transport and Main Roads
2009-2012 Economist: Transport and Main Roads
2007-2009 Graduate Economist: Transport and Main Roads
Bowen Road Bridge Repair or Replacement Project (Conducted CBA and produced full report, 2015)
Haughton River Floodplain (Conducted CBA and produced full report, 2015)
Sams Road Duplication (Conducted CBA and produced summary, 2015)
Heaths Road Duplication (Conducted CBA and produced summary, 2015
Burnett River Bridge Upgrade (Conducted CBA and produced summary, 2015)
Oakey to Dalby Overtaking Lanes (Conducted CBA and produced full report, 2015)
Arnot Bridge Upgrade (Conducted rapid CBA and produced summary, 2015)
Outback Way Upgrades (Conducted rapid CBA and produced summary, 2015)
Northern & Eastern TransitWay Initiatives (Conducted CBAs and produced individual reports for each proposed initiative, 2014)
Jingi Jingi Creek Culvert Replacement (Conducted CBA and produced full report, 2014)
Jondaryan Sabine Road Intersection Upgrade Improvements (Conducted CBA and produced full report, 2014)
Toowoomba to Oakey 2 Duplication and Intersections (Conducted detailed CBA options analysis and produced full report for the preliminary evaluation, 2014 & Conducted detailed CBA and produced full report for the business case, 2015)
Caboolture River Southbound Bridge Upgrade (Conducted CBA and produced full report, 2014)
Monto Mount Perry Gravel Road Upgrade (Conducted CBA and produced summary, 2014)
Steem Author - Spectrum Economics has an account on Steemit. This account contains hundreds of posts and videos relating to economic concepts and theories. The account also runs several contests each month where participants can win prizes. The Steem platform is an amazing new social media platform that allows both content creators and investors to earn great rewards. Click to read more about it.
Development of Economic Models – Spectrum Economics specialises in developing Excel-based models and tools to conduct economic analysis. Basic models will be made available online to download for free
Economics Peer Review – Spectrum Economics has experience and capability to peer review any CBA or SIE conducted for projects or programs.
Gateway Review - Spectrum Economics participates in Gateway Reviews for various infrastructure projects.
Cost Benefit Analysis (CBA) – Spectrum Economics specialises in CBA for all types of road and transport projects and programs.
CBA Workshops – Spectrum Economics conducts a range of CBA workshops for both experienced practitioners and those requiring just basic knowledge to comprehend the outputs of a CBA. Workshops focused on just roads and transport can also be arranged.
Economics Training and Education – Spectrum Economics will offer a range of economic presentations to be viewed on YouTube or to a live audience upon request.
Economic Research – Spectrum Economics has a current focus on road and transport CBA and social impacts. This will expand to include other areas such as education, health, and agriculture.
Social Impact Evaluation (SIE) Workshops – Spectrum Economics conducts SIE workshops for training purposes and for actual projects.
Integration of CBA and SIE Workshops – The integration of CBA and SIE is an emerging area. These workshops will explain how CBA and SIE should be used together to improve the quality of information provided to decision-makers.
General Economics Presentations – These presentations will cover a range of topics such as social utility, labour economics, behavioural economics and game theory.
Spectrum Economics conducts business activities in the following areas