The Australian Government's Innovation Report

RIBG
RPS
RQF
RTS
S&T
SCOPE
SET
SII
SMEs
TCF (SIP)
UK
US
VC
VCLP
Research Infrastructure Block Grants
Regional Protection Scheme
Research Quality Framework
Research Training Scheme
Science and technology
Science Connections Programme
Science, engineering and technology
Systemic Infrastructure Initiative
Small to medium enterprises
Textile, Clothing and Footwear Strategic Investment Programme
United Kingdom
United States
Venture Capital
Venture Capital Limited Partnerships
Glossary of financial terms used in the report
Current prices: estimates are valued at the prices of the period to which the observation relates. For example,
estimates for 2004-05 are valued using 2004-05 prices. This contrasts to chain volume measures where the
prices used in valuation refer to the prices of a previous period.
Chain volume measure: is used to revalue expenditures on R&D in such a way as to remove the direct effects
of changes in their prices over the period under review. It is calculated based on the implicit price deflators
on R&D at a reference year of 2004-05 provided by the ABS.
Country average: The average value for the selected group of countries under analysis.
Nominal terms: This is a value that is unadjusted for the effects of inflation and shows the dollar amount
of expenditure recorded in each year, as opposed to real terms which adjusts this nominal value to compensate
for inflationary effects.
Abbreviations 11