An Economic Evaluation of the U.S. Department of Energy’s Investments in Vehicle Combustion Engine R&D

Albert Link

No 11-6, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: The Government Performance and Results Act (GPRA) of 1993 was legislated in the United States to, among other things, hold Federal agencies accountable for achieving program results, and through systematic program evaluations to improve Congressional decision making. Two technologies funded by the U.S. Department of Energy (DOE) that are related to improved fuel efficiency in new heavy-duty diesel trucks are studied in this paper—laser diagnostics and optical engine technologies, and combustion modeling. Based on DOE cost data, and benefit data derived from field-based interviews, economic evaluation metrics are calculated. They suggest that DOE’s investments in these two technologies have been socially valuable.

Keywords: innovation; program evaluation; social rate of return (search for similar items in EconPapers)
JEL-codes: H42 O31 O33 O38 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-02-23
New Economics Papers: this item is included in nep-ene and nep-ino
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2011_006

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