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Assessment of direct and indirect effects of large technological programmes: Petrobrás Deepwater Programme in Brazil

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  • André Tosi Furtado
  • Saul B Suslick
  • Newton M Pereira
  • Adriana G de Freitas
  • Laurent Bach

Abstract

Better mechanisms are needed for evaluating important market and non-market effects of large technological programmes that are not properly captured by existing methods. This paper presents a framework that permits the direct and indirect economic effects from large R&D programmes to be separated. Petrobrás' Deepwater Programme (Procap 1000) is used as a study-case because of its high technological content, and its great importance for oil production in Brazil. A sample of 27 projects from the programme over 23 years indicated an overall effect/cost ratio of 12.2 up to 1997, confirming the importance of R&D expenditure for economic growth. Learning obtained during the project's execution (indirect effect) was unexpectedly significant with an effect/cost ratio of 4.38 up to 1997. Copyright , Beech Tree Publishing.

Suggested Citation

  • André Tosi Furtado & Saul B Suslick & Newton M Pereira & Adriana G de Freitas & Laurent Bach, 1999. "Assessment of direct and indirect effects of large technological programmes: Petrobrás Deepwater Programme in Brazil," Research Evaluation, Oxford University Press, vol. 8(3), pages 155-163, December.
    • Handle: RePEc:oup:rseval:v:8:y:1999:i:3:p:155-163
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    File URL: http://hdl.handle.net/10.3152/147154499781777496
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    Cited by:

    1. Isabel Maria Freitas Bodas & Nick von Tunzelmann, 2008. "Mapping public support for innovation: a comparison of policy alignment in the UK and France," Post-Print hal-01487464, HAL.
    2. Bodas Freitas, Isabel Maria & von Tunzelmann, Nick, 2008. "Mapping public support for innovation: A comparison of policy alignment in the UK and France," Research Policy, Elsevier, vol. 37(9), pages 1446-1464, October.
    3. Isabel Maria Freitas Bodas & Nick von Tunzelmann, 2008. "Mapping public support for innovation: a comparison of policy alignment in the UK and France," Grenoble Ecole de Management (Post-Print) hal-01487464, HAL.

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