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Assessing the Benefits of Public Research Within an Economic Framework - The Case of USDA's Agricultural Research Service (Paperback)
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Assessing the Benefits of Public Research Within an Economic Framework - The Case of USDA's Agricultural Research Service (Paperback)
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List price R481
Loot Price R399
Discovery Miles 3 990
You Save R82 (17%)
Expected to ship within 10 - 15 working days
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Evaluation of publicly funded research can help provide
accountability and prioritize programs. In addition, Federal
intramural research planning generally involves an institutional
assessment of the appropriate Federal role, if any, and whether the
research should be left to others, such as universities or the
private sector. Many methods of evaluation are available, peer
review-used primarily for establishing scientific merit-being the
most common. Economic analysis focuses on quantifying ultimate
research outcomes, whether measured in goods with market prices or
in nonmarket goods such as environmental quality or human health.
However, standard economic techniques may not be amenable for
evaluating some important public research priorities or for
institutional assessments. This report reviews quantitative methods
and applies qualitative economic reasoning and stakeholder
interviewing methods to the evaluation of economic benefits of
Federal intramural research using three case studies of research
conducted by USDA's Agricultural Research Service (ARS).
Differences among the case studies highlight the need to select
suitable assessment techniques from available methodologies, the
limited scope for comparing assessment results across programs, and
the inherent difficulty in quantifying benefits in some research
areas. When measurement and attribution issues make it difficult to
quantify these benefits, the report discusses how qualitative
insights based on economic concepts can help research
prioritization.
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