Public Goods, Public Gains: Calculating the Social Benefits of Public RandD

Hardcover | January 24, 2011

byAlbert N. Link, John T. Scott

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In 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 (RandD). The authors argue that economic theory should be the guiding criterion for any method ofprogram 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 theevaluation 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 onwavelength 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.

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In 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 (RandD). The authors argue that economic theory should be the guiding criterion for any method ofprogram evaluation because it focuses attentio...

Albert N. Link is Professor of Economics at the University of North Carolina at Greensboro. His research focuses on innovation policy, academic entrepreneurship, and the economics of RandD. He is the Editor-in-Chief of the Journal of Technology Transfer. Professor Link is serving as the vice-chairperson of the Innovation and Competiti...

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Format:HardcoverDimensions:176 pages, 9.25 × 6.12 × 0.98 inPublished:January 24, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199729689

ISBN - 13:9780199729685

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Table of Contents

About the AuthorsIntroductionGovernment's Role in InnovationHistorical Perspectives on Public AccountabilitySystematic Approaches to Program Evaluation and Evaluation MetricsIntroduction to the Case StudiesThe Advanced Technology Program's Intramural Research Awards ProgramWavelength References for Optical Fiber CommunicationsThe Malcolm Balridge National Quality AwardTechnologies for the Integration of Manufacturing ApplicationsConclusionsReferencesIndex