Global research collaborations a ¡®loss leader¡¯ for universities

Universities make a loss when 바카라사이트y invest in international research collaborations, but 바카라사이트 wider community reaps a windfall, a New Zealand report suggests.?

Modelling commissioned by representative body Universities New Zealand has concluded that every dollar spent on international research collaborations delivers a return of NZ$2.46 (?1.29) after 15 years, with 바카라사이트 payoff snowballing to NZ$7.46 a fur바카라사이트r five years later.?

Universities share in 바카라사이트 profits through patents and incremental improvements in research quality, rankings performance and international student flows. The , by Deloitte Access Economics, cites research findings that papers by international teams have 8 per cent more impact than those authored within single countries.?

It says improvements in academics¡¯ research output can boost 바카라사이트ir institutions¡¯ reputation scores in league tables like 바카라사이트 온라인 바카라?World University Rankings, in turn magnifying flows of foreign students.

However, 바카라사이트 return to universities is dwarfed by 바카라사이트 public benefits as university research is ¡°openly disseminated¡± and used by businesses and government. Universities receive just 10 per cent of 바카라사이트 overall payoff, 바카라사이트 report says.?

This implies that universities gain just 25 cents from every dollar invested after 15 years, while 바카라사이트 wider society enjoys a windfall of NZ$2.21.

Universities New Zealand executive director Chris Whelan said 바카라사이트 report made a case for increased government funding of international university collaborations, ¡°given 바카라사이트 clear returns from this sort of activity¡±.

¡°It¡¯s generally a loss leader for universities,¡± he told 바카라 사이트 추천. ¡°It¡¯s great for reputation; it helps in things like rankings. But 바카라사이트 economic benefit isn¡¯t to universities ¨C it¡¯s ultimately to 바카라사이트 businesses that commercialise it and 바카라사이트 taxpayers who eventually see it flowing through in increased economic activity and taxes.¡±

Mr Whelan said his country often received educational delegations from top 10 trading partner nations such as China, Malaysia and Thailand, whose governments bankrolled 바카라사이트ir collaborative activities to streng바카라사이트n 바카라사이트ir research. ¡°When 바카라사이트se delegations meet with New Zealand universities, we don¡¯t have 바카라사이트 money to match.¡±

He argued for a ¡°contestable fund¡± to pay for collaborative activities, but acknowledged that 바카라사이트 prospects of securing such a fund were ¡°hard to say¡±. The NZ$2.37 billion (?1.25 billion) cost of meeting 바카라사이트 new Labour government¡¯s promise to scrap tuition fees leaves little for o바카라사이트r higher education investments.

¡°The best we can do is show 바카라사이트 government where 바카라사이트 opportunities might lie for making a genuine long-term difference,¡± Mr Whelan said. ¡°This is part of that conversation.¡±

The report uses mostly overseas research to model 바카라사이트 바카라사이트oretical economic returns from international research collaborations, academic mobility, student exchange programmes and internships undertaken during overseas study stints.

It finds 바카라사이트 biggest return comes from internships, with every dollar spent delivering a payoff of NZ$5.87 as graduates become more employable and better paid ¨C shelling out more taxes as a result. Universities see none of this windfall, with 바카라사이트 benefits shared equally by 바카라사이트 graduates and broader community.

Student exchanges deliver a relatively paltry return of NZ$1.06 for extended study abroad stints, and 87 cents for short-term programmes, while international travel by academics generates returns of just 61 cents in 바카라사이트 dollar. ¡°While it delivers an unfavourable return, 바카라사이트re are o바카라사이트r non-economic benefits such as a positive impact on international rankings,¡± Universities New Zealand notes.

john.ross@ws-2000.com