Contribution of TVET to economic growth: an Australian case study

Peter HoldenExecutive Director, International

3.5 million Australians involved in education and

training (16% of population)

Universities39 (+2)

Schools9,600

Australia’s education and training sector

TAFE Institutes

Registered Training

Organisations5000

Learning Institutions

61

Existing research & studies

National Centre for Vocational Education Research www.ncver.edu.au collects and analyses data on:Student enrolments, completions,

pathways, outcomesFinancial data on institutionsEmployers’ use and views of the TVET

systemCommissioned research on specific

topics

A new approach to evaluating TVETIndependent research on TVET’s contribution to economic growth:

Access Economics commissioned by TDA in 2012; report delivered in 2013

A cost-benefit analysis and returns from additional investment in TVET

The resultsConfirmed funding of $AUD2.7 billion over 5 years in TVET will result in a net benefit of 13.4 cents in every dollar:

-2.3-4.7

18.4

2.0

13.4

-10

-5

0

5

10

15

20

Tuition costs Foregoneearnings

opportunities

Employabilitybenefits

Productivitybenefits

Total netbenefits

The resultsA further expansion of funding ($AUD 6.7 billion over 5 years) will deliver a net benefit of 32.5 cents in very dollar spent:

For more informationSummary of the report and TDA policy

statement

Full report

Pholden@tda.edu.au +61 2 9217 3181