An ex ante evaluation framework for the regional benefits of publicly supported R&D projects |
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Authors: | Stephen Roper Nola Hewitt-Dundas |
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Institution: | a Aston Business School, Aston University, Aston Triangle, Birmingham B4 7ET, UK b School of Management and Economics, Queen’s University Belfast, Belfast BT7 1NN, UK |
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Abstract: | This paper draws on the knowledge-base implicit in ex post evaluations of publicly funded R&D and other related conceptual and empirical studies to suggest a framework for the ex ante evaluation of the regional benefits from R&D projects. The framework developed comprises two main elements: an inventory of the global private and social benefits which might result from any R&D project; and, an assessment of the share of these global benefits which might accrue to a host region, taking into account the characteristics of the R&D project and the region’s innovation system.The inventory of global benefits separately identifies private and social benefits and distinguishes between increments to public and private knowledge stocks, benefits to R&D productivity and benefits from commercialisation. Potential market and ‘pure’ knowledge spillovers are also considered separately. The paper concludes with the application of the framework to two illustrative case studies. |
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Keywords: | Research and development Evaluation Ex ante Regional policy |
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