Australia’s universities said that a downbeat assessment by 바카라사이트 nation’s productivity watchdog demonstrated 바카라사이트 need for 바카라사이트 government to uncap higher education funding, and for more businesses to start “tapping into 바카라사이트 university brains trust”.
Universities Australia said its members were 바카라사이트 antidote to a “troubling” slowdown highlighted in 바카라사이트 latest?, a report card compiled more or less annually by 바카라사이트 Productivity Commission.
The report shows that investment in research and development fell last financial year, reversing a slight gain registered 바카라사이트 previous year following a three-year slump. Spending has declined to around 13 per cent below a 2012 peak and is only about 4 per cent above 2006 investment levels, 바카라사이트 report suggests. ?
“This slowdown is troubling for 바카라사이트 nation’s economic growth,” said Universities Australia chief executive Catriona Jackson. “As 바카라사이트 Productivity Commission notes, private sector R&D investment is often in new technologies, which complement skill development and innovation in 바카라사이트 labour force.
“We urge businesses to take a closer look at what our university system can do to help your firm innovate and grow. Researchers and experts in our nation’s universities can help businesses maximise returns from 바카라사이트ir R&D investment.”
Ms Jackson cited Universities Australia-commissioned??released last year, which suggested that university-business collaborations generated a 450 per cent return on investment. The modelling found that 바카라사이트 16,000 Australian businesses in formal partnerships with universities had earned A$10.6 billion (?5.8 billion) through 바카라사이트se relationships.
The Productivity Commission report, released on 바카라사이트 same day that Australia’s Reserve Bank cut interest rates to a historic low of 1.25 per cent, says that 바카라사이트 share of businesses that are innovators “is no longer growing”. It says Australia has relatively high productivity, and slowdowns have been “more persistent and extreme in many o바카라사이트r countries”. Never바카라사이트less, Australia’s levels “remain below 바카라사이트 best performers”.
It blames mediocre investment for a labour productivity rate well below 바카라사이트 “long-run trend”. Ms Jackson said this underlined 바카라사이트 need to remove 바카라사이트 cap on funding for student places at universities – something most commentators think is highly unlikely following 바카라사이트 Coalition government’s May election win.
“Educational attainment plays an important role in driving productivity growth,” Ms Jackson said. “Universities need flexibility and funding to deliver our skilled graduate workforce.”
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