Productivity underpins our standard of living. This is why Australia's declining productivity growth has alarmed our political and business leaders and economic advisers and commentators.
Universities Australia has released a report which demonstrates that Australian universities can play a lead role in future productivity growth.
The Universities Australia paper reports that higher education reform and resourcing would deliver a Commonwealth budget surplus of $325.5 billion better than the no-reform path in the period 2011-2040.