22/06/1999 - 22:00

Learning is profitable topic for government

22/06/1999 - 22:00

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Universities are not a cost to society. They could be the key to riding out WA’s resource sector downturn says Curtin University of Technology vice chancellor Lance Twomey.

Learning is profitable topic for government
Universities are not a cost to society. They could be the key to riding out WA’s resource sector downturn says Curtin University of Technology vice chancellor Lance Twomey.

A recent report from Curtin University claims that it contributes up to $870 million a year to the WA economy.

A similar report by the University of WA in 1997 concluded that university’s direct and indirect benefits to the WA economy were worth about $469 million a year.

Curtin Business School Institute for Research into International Competitiveness director Peter Kenyon said the Curtin study showed education was a good investment for the Federal Government.

“For every dollar the government spends on a student’s education, it receives $1.15 in additional tax revenue from enhanced salaries achieved as a result of Curtin University.”

The Business News 1999 Book of Lists ranks Curtin as WA’s 34th largest exporter, with export revenue of $44.9 million for the 1997-98 year and projected revenue of $49 million for the current financial year.

UWA is ranked as WA’s 53rd largest export with export revenue around half that of Curtin.

Murdoch and Edith Cowan Univer-sities are ranked 71st and 72nd respectively with the former contributing $10.8 million and the latter, $10 million a year in export earnings.

Australia’s weaker dollar has made WA universities more competitive than European and US counterparts.

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