Every dollar invested in research and development creates $3.50 in benefits for Australia, says new CSIRO analysis
By Katherine Wynn, Lead Economist, CSIRO Futures, CSIRO
Jasmine Cohen, Economic Consultant, CSIRO Futures, CSIRO
Mingji Liu, Senior Economic Consultant, CSIRO
An analysis by CSIRO’s strategic and economic advisory arm suggests spending on research and development can earn annual yields of 10%, even if there are delays or cost overruns.
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- Monday, November 22, 2021