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Boosting R&D outcomes in Australia

Author

Listed:
  • Vassiliki Koutsogeorgopoulou

    (OECD)

  • Taejin Park

    (Bank for International Settlements)

Abstract

R&D activity can play a central role in raising productivity. Australia compares well in terms of research excellence. However, there is scope for better translation of publicly funded research into commercial outcomes. Strengthening incentives for collaborative research is essential. A simpler funding system for university research that provides sharper and more transparent incentives for research partnerships is important in this regard. Research-business linkages would also be boosted by more effective programmes encouraging business to collaborate, measures promoting greater mobility of researchers between the two sectors, and steps to ensure that intellectual property arrangements are not a barrier to knowledge. In Australia financial support for encouraging business innovation relies mostly on an R&D tax incentive; raising additionality and reducing compliance costs would enhance the effectiveness of the scheme. Maximising the benefits from public investment in research further hinges upon a well-coordinated science, research and innovation system through a “whole-of-government” approach and consolidating certain programmes. Reform initiatives underway, notably those in the National Innovation and Science Agenda, are welcome.

Suggested Citation

  • Vassiliki Koutsogeorgopoulou & Taejin Park, 2017. "Boosting R&D outcomes in Australia," OECD Economics Department Working Papers 1391, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:1391-en
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    File URL: http://dx.doi.org/10.1787/93d19106-en
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    More about this item

    Keywords

    co-ordination; collaboration; commercialisation; evaluation; funding;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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