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The Times

Every dollar invested in research and development creates $3.50 in benefits for Australia, says new CSIRO analysis

  • Written by Katherine Wynn, Lead Economist, CSIRO Futures, CSIRO
Every dollar invested in research and development creates $3.50 in benefits for Australia, says new CSIRO analysisCSIRO

Each dollar invested in research and development (R&D) would earn an average of A$3.50 in economy-wide benefits for Australia, according to evidence compiled in a new report from CSIRO.

Many Australians know research and development drives economic growth and improves our well-being and prosperity. However, few could describe the size of...

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