Wayne Davies CV

Wayne Davies has worked as a professional economist for over eleven years. 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 has his own YouTube channel, ‘Spectrum Economics’. This channel contains videos on a variety of different topics such as microeconomic concepts, vegan economics, game theory, and applied economics.

Wayne also has his own Steemit page, ‘Spectrum Economics’. His posts focus on many aspects of economics ranging from introductory topics such as demand and supply to the application of economics to the real world.

Education:

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.

Professional Experience:

2017- Present Steemit Blogger: Steem account @spectrumecons

2017- Present Owner/Director: Spectrum Economics

2016 - 2017 Social Benefits Manager: 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

2006 Tutor: Griffith University

 Transport/Road Projects Evaluated (Cost Benefit Analysis):

  • 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)
  • Jondaryan Sabine Road Intersection Upgrade Improvements (Developed rail safety methodology, 2013)
  • James Street and Anzac Avenue Intersection (Conducted CBA and produced full report, 2013)
  • Troys Road Intersection Upgrade (Conducted options analysis and produced summary, 2013 & conducted detailed CBA and produced full report for the business case)
  • Toowoomba to Oakey 2B Duplication and Intersection (Conducted options analysis and provided summary, 2013)
  • Road Widening and Rehabilitation of Ingham to Cairns (rapid CBA and summary, 2012)
  • Gracemere Industrial Access Program (Conducted CBA and produced full report, 2011)
  • 8 Mile Creek Bridge and Approaches Realignment (rapid CBA and report, 2011)
  • Walker Street Intersection Upgrade (Conducted rapid CBA and produced full report, 2011)
  • Thomas and William Street Intersection Upgrades (Conducted rapid CBA and produced full report, 2011)
  • Yellow Gin Creek Bridge (Conducted CBA and produced full report, 2009)
  • The Dalrymple Road/Banfield Drive Intersection Upgrade (Conducted CBA and produced summary, 2009)
  • Lockyer and Ampol Bridge Upgrades (Conducted CBA and produced summary, 2009)
  • Yuleba Creek Bridge (Conducted CBA and produced summary, 2009)
  • Moraby Creek Bridge (Conducted CBA and produced sections of the report, 2008)
  • Killymoon Creek Overtaking Lane (Conducted CBA and produced full report, 2008)
  • Coomera Interchange Upgrade (Conducted CBA and produced full report, 2008)

 Non-infrastructure Projects Evaluated:

  • Replacement of Traffic Signal Controllers (Conducted cost analysis, developed model (COOL) and produced full report, 2015)
  • LED Signal Lantern Instalments (Conducted cost analysis and produced summary, 2015)
  • Access Management System Implementation (Conducted rapid CBA, developed model and produced summary, 2014)
  • Travel Demand Management Flexible Working Hours (Conducted rapid CBA, developed model (TRIMM, produced summary, 2013)
  • Merrimac Highfield Drive Noise Barrier Design (Conducted CBA and produced full report, 2008)
  • Cunningham’s Gap Rockfall Remediation (Conducted CBA and produced sections of the report, 2007 & updated CBA and report in 2013)

Programs Evaluated:

  • Northern Australia Roads Programme (Led group of economists, conducted Rapid CBAs and produced summary reports and excel outputs, 2016)
  • Peak Downs, Gregory, Capricorn, Flinders and Barkly Highway Investment Strategies (Conducted Benefits Assessment for Computable General Equilibrium (CGE) modelling, 2014)
  • Regional Bridge Renewal Program (Conducted rapid CBA of culverts using existing model, 2013)
  • Bruce Highway Action Plan (Led group of economists, developed rapid program model (CARP), conducted strategic program evaluation, wrote sections of the final program report, 2012)
  • Warrego Highway Upgrade Strategy (Conducted CBA and co-authored program CBA report, 2012)
  • Bruce Highway Overtaking Lanes (Gin Gin to St. Lawrence) (Conducted CBA and produced program CBA report, 2012)
  • Warrego Highway Investment Strategy (Conducted rapid CBA and produced full report, 2010)
  • Bruce Highway Heavy Vehicle Rest Area Program Curra to Sarina (Conducted rapid CBA, no report provided, 2010)
  • Bruce Highway Heavy Vehicle Rest Area Program Sarina to Cairns (Conducted rapid CBA, no report provided, 2010)
  • Nation Building Program – Bruce Highway Overtaking Lane Program (Conducted CBA and produced full report, 2010)

Projects Peer Reviewed:

  • Bribie Island Road Interchange to Steve Irwin Way Project (Gateway Review for Queensland Treasury, 2018)
  • Maroochydore Road Interchange Project (Gateway Review for Queensland Treasury, 2018)
  • Blyth Creek Bridge (Reviewed the CBA, 2018)
  • Townsville Eastern Access Rail Corridor (TEARC) (Gateway Review for Queensland Treasury, 2017)
  • Beerburrum to Nambour Rail Project (Reviewed the CBA and SIE, 2016)
  • Public Section Regional Radio Communications Project (Reviewed the CBA and SIE, 2016)
  • Cross River Rail Project (Reviewed the CBA and SIE, 2016)
  • Bruce Highway Maroochydore Road Interchange Project (Reviewed CBA, 2016)
  • Hann Highway Upgrade (Reviewed CBA and Feasibility Study, 2015)
  • Jardine River Crossing (Reviewed CBA, 2015)
  • Cattle and Francis Creek (Reviewed CBA, 2015)
  • Eton Range Realignment Project (Reviewed CBA, 2013)
  • Mackay Ring Road (Reviewed CBA, 2013)
  • Gympie Road Feasibility Planning for Preliminary Evaluation (Reviewed the CBA, 2012)

Other Peer Review Work:

  • Australasian Transport Research Forum (2015)
  • Paper for The Journal of the American Society of Transportation and Logistics (2013 – present)

Economic Models Developed:

  • Triangle Distribution Model (Buying and Selling Game Model)
  • Update Transport and Main Roads CBA Spreadsheet Models (2017 and 2018)
  • Sensitivity Analysis Model (POST)
  • Social Impact Evaluation Model
  • Model to determine the optimal timing for upgrading or replacing assets (COOL)
  • Advanced cost benefit analysis ‘monster’ model, which includes technical and user guides
  • Crash cost evaluation model for intersections
  • Emission cost evaluation model
  • Heavy vehicle rest area route model
  • Motorway toll evaluation model for South East Queensland
  • Detailed flooding evaluation model
  • Rapid flooding evaluation model
  • Accident and emissions model for road realignment projects
  • CBA program evaluation model (CARPV1.0, CARP1.1 & CARP2.0)
  • Rapid CBA model
  • Non-Infrastructure Multi-modal Model (TRIMM1.0)
  • Multi-modal Model (RABIES1.0)
  • Detailed Road Economic Analysis Models (DREAM1.0) and user guides
    • Intersection model
    • Overtaking lane model
    • Diversion and road closure model
    • Bypass model
    • Road widening & shoulder seal model

Workshops and Presentations:

  • Sea Shepherd Stand Fast Festival (2017)
  • Vegoutt Launch (2017)
  • ARRB Conference (2012, 2014, 2016)
  • Australasian Transport Research Forum (2011, 2013, and 2015)
  • European Transport Conference (2014)
  • Low Volume Roads Symposium (2013)
  • Engineering Technology Forum (2011)
  • Australian Conference for Economists Poster Presentation (2009)
  • Cost Benefit Analysis Workshops in: Brisbane (2016), Toowoomba (2013), Canberra (2013) ,Townsville (2011), Barcaldine (2010), Roma (2009), Emerald (2009), Nerang (2007), & CBA Showcases (March & May 2012, February 2013)
  • Social Impact Evaluation Workshops in Brisbane (August, September, and October 2016), and Cairns (2017)

 

Peer Reviewed Papers and Publications:

Best, M. and Davies, W. (2013), Dealing with Projected Capacity Constraints in Road Project Evaluation, Australasian Transport Research Forum 2013 (Paper and presentation), available at:  http://www.atrf.info/papers/2013/2013_best_davies.pdf

Building Queensland (2016), Social Impact Evaluation Guide, Building Queensland Business Case Development Framework. Available at: http://buildingqueensland.qld.gov.au/our-business/frameworks/

Davies, W. (2016) How Assumptions Influence the Results of a Cost Benefit Analysis, 27th ARRB Conference (Paper and presentation), available at: http://114.111.144.247/Presto/content/Detail.aspx?q=d2F5bmUgZGF2aWVz&ctID=MjE1ZTI4YzctZjc1YS00MzQ4LTkyY2UtMDJmNTgxYjg2ZDA5&rID=ODA2Ng==&qcf=&ph=VHJ1ZQ==&bckToL=VHJ1ZQ==&

Davies, W. (2015), What Effect do Queensland’s Major Road Infrastructure Projects have on Traffic Volumes and Growth Rates? Australasian Transport Research Forum 2015 (Paper and presentation), available at: http://atrf.info/papers/2015/files/ATRF2015_Resubmission_210.pdf

Davies, W. (2015), Bruce Highway Action Plan Program Evaluation, Journal of Civil Engineering and Architecture, 9, (3), 350-367, available at: http://www.davidpublisher.com/index.php/Home/Article/index?id=3923.html

Davies, W. (2014), Calculation of Transport Mode Shift in the Absence of Complex Transport Models, 26th ARRB Conference (Paper and presentation), available at: http://114.111.144.247/Presto/content/Detail.aspx?ctID=MjE1ZTI4YzctZjc1YS00MzQ4LTkyY2UtMDJmNTgxYjg2ZDA5&rID=NDE2Ng==&qcf=&ph=VHJ1ZQ==&bckToL=VHJ1ZQ==&

Davies, W. (2014), Is Road Infrastructure that Improves Operating Speed a Double-Edged Sword When it comes to Road Safety? 26th ARRB Conference (Paper and presentation), available at: http://114.111.144.247/Presto/content/Detail.aspx?ctID=MjE1ZTI4YzctZjc1YS00MzQ4LTkyY2UtMDJmNTgxYjg2ZDA5&rID=NDEzMw==&qcf=&ph=VHJ1ZQ==&bckToL=VHJ1ZQ==&

Davies, W. (2014), Upgrading Rural Bridges for Improved Freight Efficiency, 2014 European Transport Conference (Paper and presentation), available at: http://abstracts.aetransport.org/paper/index/id/4326/confid/19

Davies, W. (2013), Advanced Methods of Evaluating Benefits from Improved Flood Immunity in Queensland, Journal of Civil Engineering and Architecture, 7, (9), 973-991, available at: http://www.davidpublishing.com/show.html?13744 (Also presented at the Australasian Transport Research Forum 2011, available at: http://www.atrf.info/papers/2011/2011_Davies.pdf)

Davies, W. (2013), Benefits of Upgrading Rural Bridges, Low Volume Roads Symposium 2013 (Presentation only), available at: http://www.arrb.com.au/admin/file/content128/c6/2%20Davies.pdf

Davies, W. (2013), Program Evaluation: An Applied Case Study, Australasian Transport Research Forum 2013 (Paper and presentation), available at: http://www.atrf.info/papers/2013/2013_davies.pdf

Davies, W. (2012), Proposed Modifications to the Cost Benefit Analysis Decision Criteria for Road Project Evaluation to Improve Decision-making (Industry Note), Transportation Journal, 51, (4), 473-486, available at: http://muse.jhu.edu/journals/transportation_journal/summary/v051/51.4.davies.html

Davies, W. (2012), Road Program Evaluation: Assessing the Bigger Picture, 25th ARRB Conference (Paper and presentation), available at: http://114.111.144.247/Presto/content/Detail.aspx?ctID=MjE1ZTI4YzctZjc1YS00MzQ4LTkyY2UtMDJmNTgxYjg2ZDA5&rID=MzE5Nw==&qcf=&ph=VHJ1ZQ==&bckToL=VHJ1ZQ==&

Davies, W. (2007), Is the Pursuit of Higher Education Worth the Cost? Griffith University Masters Thesis (Also presented as a poster at the 38th Australian Conference of Economists 2009). The full thesis is available at: http://www.4shared.com/office/XR6rgDL8ce/Complete_Thesis.html

Transport and Main Roads, (2011), Cost-benefit Analysis Manual, Queensland Government, Brisbane, available at: http://www.tmr.qld.gov.au/business-industry/Technical-standards-publications/Cost-Benefit-Analysis-Manual.aspx

Steemit Posts

Wayne writes regular articles on his Steemit blog which can be accessed using the following link: https://steemit.com/@spectrumecons

Some of the more notable articles on the blog are as follows:

Steem Explained by an Economist, available at: https://steemit.com/steem/@spectrumecons/steem-explained-by-an-economist

Game Theory Triple Threat Idea, available at: https://steemit.com/economics/@spectrumecons/game-theory-6-triple-threat-work-in-progress-idea

Economic Concepts – Cost Benefit Analysis (Steps Involved), available at: https://steemit.com/economics/@spectrumecons/economic-concepts-cost-benefit-analysis-steps-involved

The Two-Party Political System – The dictatorship we didn’t know we had, available at: https://steemit.com/politics/@spectrumecons/the-two-party-political-system-the-dictatorship-we-didn-t-know-we-had

World Vegan Day Melbourne 2017, available at: https://steemit.com/vegan/@spectrumecons/world-vegan-day-melbourne-2017

Let’s be seen to be doing the right thing, available at: https://steemit.com/economics/@spectrumecons/let-s-be-seen-to-be-doing-the-right-thing

Youtube Channel

Wayne frequently creates his own videos. These video can be watched using the following link: https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw or on Dtube using the following link: https://d.tube/#!/c/spectrumecons

Some of the more notable video playlists are as follows:

Economics Basics, available at: https://www.youtube.com/watch?v=Z9QcShbeS20&list=PL_-TsqunhENjv1bjCX9eNSB_mm5zUOA2G

Vegan Economics, available at: https://www.youtube.com/watch?v=pqtfloTt8r4&list=PL_-TsqunhENhfKq-TqbL512YtwV3NlHdi