Universities Australia commissioned KPMG Econtech to assess the economic impact of the funding and reform recommendations outlined in the Review of Australian Higher Education. The economic modelling framework utilised in KPMG Econtech's report accounts for the direct and indirect benefits of increasing university funding, including:
- increased productivity
- increased labour force participation
- boosting exports of education services
- returns from university-based research
- an increase in Australia's population as international students choose to reside in Australia after the completion of their studies.
The report delivered in March 2009 was updated in April 2010 to include newer data and research, and extension of the economic modelling framework to capture the impact of increased funding to public vocational education and training (VET) providers in addition to the university sector, rather than universities alone. The 2010 report should be read in conjunction with the 2009 report.
- Economic modelling of improved funding and reform arrangements for universities (April 2010)
- Key facts
- Media release