Public Goods, Public Gains: Calculating the Social Benefits of Public R&D
AbstractIn Public Goods, Public Gains, Link and Scott discuss the systematic application of alternative evaluation methods to estimate the social benefits of publicly-financed research and development (R&D). The authors argue that economic theory should be the guiding criterion for any method of program evaluation because it focuses attention on the value and the opportunity costs of the program. The evaluation methods discussed and illustrated are both economics and, for comparison, non-economics based. The book is motivated by four foundation chapters that discuss government's role in innovation from the perspective of economic theory, review public accountability issues from both a constitutional and an historical perspective, overview systematic approaches to program evaluation, and describe the evaluation metrics typically used. Four case studies illustrate the four alternative evaluation approached discussed. These case studies are for the U.S. Advanced Technology Program's intramural research awards program, the U.S. National Institute of Standards and Technology's research on wavelength references for optical fiber communications, the U.S. Malcolm Balridge National Quality Award, and the Advanced Technology Program's focused program on the integration of manufacturing applications. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/9780199729685/toc.html
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Bibliographic InfoThis book is provided by Oxford University Press in its series OUP Catalogue with number 9780199729685 and published in 2011.
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- Stuart D. Allen & Stephen K. Layson & Albert N. Link, 2012.
"Public gains from entrepreneurial research: Inferences about the economic value of public support of the Small Business Innovation Research program,"
Oxford University Press, vol. 21(2), pages 105-112, March.
- Allen, Stuart D. & Layson, Stephen K. & L, Albert N., 2012. "Public Gains from Entrepreneurial Research: Inferences about the Economic Value of Public Support of the Small Business Innovation Research Program," Working Papers 12-4, University of North Carolina at Greensboro, Department of Economics.
- John Scott, 2009. "Cost-benefit analysis for global public–private partnerships: an evaluation of the desirability of intergovernmental organizations entering into public–private partnerships," The Journal of Technology Transfer, Springer, vol. 34(6), pages 525-559, December.
- Albert N. Link & John T. Scott, 2012.
"On the social value of quality: An economic evaluation of the Baldrige Performance Excellence Program,"
Science and Public Policy,
Oxford University Press, vol. 39(5), pages 680-689, July.
- Link, Albert N. & Scott, John T., 2012. "On the Social Value of Quality: An Economic Evaluation of the Baldrige Performance Excellence Program," Working Papers 12-1, University of North Carolina at Greensboro, Department of Economics.
- Link, Albert N. & Scott, John T., 2011. "Research, Science, and Technology Parks: Vehicles for Technology Transfer," Working Papers 11-22, University of North Carolina at Greensboro, Department of Economics.
- Link, Albert N. & Scott, John T., 2011. "The Theory and Practice of Public-Sector R&D Economic Impact Analysis: The Case of the National Institute of Standards and Technology," Working Papers 11-16, University of North Carolina at Greensboro, Department of Economics.
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