The economic value of Australia’s investment in health and medical research: reinforcing the evidence for exceptional returns
PublisherEconomics Investments Technology Medicine Australia
The report provides an up to date analysis of the pay-back of the significant investment by the Australian Government and business community in HMR in Australia. The Lateral Economics report indicates that if health and medical research spending were to atleast keep pace with historical spending on health over the decade and a half to 2021-22 then revenues of $73.7 billion could be generated, while health benefits could approach $150 billion (based on Access Economics’ estimate of $2.17 in health benefits for every health and medical research dollar spent.).
Access Rights Type:
15 Dec 2010