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HIGHER EDUCATION EXPENDITURE ON R&D (HERD)
HERD and Gross State Product (GSP)
In 2014, South Australia had the largest increase in HERD as a proportion of Gross State Product (GSP). The Northern Territory, Australian Capital Territory and Victoria experienced decreases in their HERD/GSP ratios.
TYPE OF ACTIVITY
In 2014, 49% of HERD ($4,941 million) was directed towards Applied research, 23% ($2,367 million) to Pure basic research and 20% ($1,981 million) to Strategic basic research. The remaining 8% ($857 million) was directed towards Experimental development. The distribution of HERD across type of activity was largely unchanged from 2012.
Compared with 2012, Applied research had the largest dollar increase, up $597 million (14%).
FIELDS OF RESEARCH (FOR)
Expenditure devoted to the Medical and Health Sciences FOR ($2,884 million) represented 28% of HERD in 2014. In total, the fields of Medical and Health Sciences, Engineering, Biological Sciences and Studies in Human Society made up just over half (52%) of total HERD (at $2,884 million, $1,019 million, $897 million and $523 million, respectively). These top four Fields of Research, in terms of expenditure, remained consistent between 2012 and 2014.
SOCIO-ECONOMIC OBJECTIVE (SEO)
In 2014, a third of HERD was directed to the SEO of Health ($3,366 million or 33%). The next most prevalent SEO was Expanding Knowledge ($1,562 million or 15%) which was less than half the expenditure of Health. The distribution of HERD across SEOs remained consistent between 2012 and 2014.
Expanding Knowledge had the largest dollar increase between 2012 and 2014, up $193 million (14%). This was followed by Environment, up $157 million (17%) from 2012.
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