Value for money vs adding value - improving the balance

The rate of growth of new knowledge and technology is now widely accepted as the main driver of continued economic development in advanced economies. Thus, maximising the outcomes from R&D effort is pivotal to development. Historically, Australian R&D effort has been concentrated in the public sector. The microeconomic reform process has seen the corporatisation of some research institutes and the explicit separation of purchaser and provider roles. There is no doubt that these reforms have increased the (short-term) relevance of R&D programs, improved the client focus of individual projects and led to gains in efficiency, measured by the timeliness and cost of R&D outputs. However, there is a danger that, unless the R&D purchasers take a longer-term view of their needs, the 'breakthrough discoveries' needed for new technologies to emerge, or for quantum gains in the quality of input to the public policy formulation process, will not occur. The reform process has pushed for and achieved major gains in efficiency; the current need is for a push towards longer-term effectiveness.

Language

  • English

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Filing Info

  • Accession Number: 01397944
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ITRD, ATRI
  • Created Date: Aug 23 2012 5:32PM