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Evaluating the Economic Impacts of Accelerated R&D

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  • Lindner, Robert K.

Abstract

A key part of any economic impact assessment study is the specification of a counterfactual scenario. Sometimes, the most likely counterfactual for a research project is that the same, or equivalent research, would be carried out by someone else, albeit at a later date. Alternatively, the research impacts might simply “spill-in” without any further research, and at little or no cost. Either way, the material impact of the research being evaluated is simply to bring forward in time realisation of the consequential economic benefits. However, which of the above two alternative scenarios is applicable does have important implications for the treatment of costs in the counterfactual scenario. An economic impact assessment study of an ACIAR funded project on the development and uptake of a mud crab hatchery innovation in Vietnam is used to illustrate some of the issues involved.

Suggested Citation

  • Lindner, Robert K., 2006. "Evaluating the Economic Impacts of Accelerated R&D," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139880, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare06:139880
    DOI: 10.22004/ag.econ.139880
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    References listed on IDEAS

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    1. Lindner, Robert K., 2005. "Impacts of Mud Crab Hatchery Technology in Vietnam," Impact Assessment Series (IAS) 113214, Australian Centre for International Agricultural Research.
    2. Raltzer, David A. & Lindner, Robert K., 2005. "Review of the Returns to ACIAR's Bilateral R&D Investments," Impact Assessment Series (IAS) 113215, Australian Centre for International Agricultural Research.
    3. van Bueren, Martin, 2004. "Acacia Hybrids in Vietnam," Impact Assessment Series (IAS) 113223, Australian Centre for International Agricultural Research.
    4. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 419-419.
    5. Ryan, James G. & Garrett, James L., 2003. "The impact of economic policy research," Impact assessments 20, International Food Policy Research Institute (IFPRI).
    6. Ryan, James G., 1998. "Pigeonpea improvement," Impact Assessment Series (IAS) 47498, Australian Centre for International Agricultural Research.
    7. Alston, Julian M. & Pardey, Philip G., 2001. "Attribution and other problems in assessing the returns to agricultural R&D," Agricultural Economics, Blackwell, vol. 25(2-3), pages 141-152, September.
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