Policy Analysis in Ex-ante Evaluation of Government R&D Programs

Hyun-Kyu Kang (hkkang@kistep.re.kr)
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Hyun-Kyu Kang: Korea Institute of Sicence & Technology Evaluation and Planning

No 5007765, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: In order to enhance the efficiency of government investment on research and development (R&D), since 2008 the Korean government has applied the preliminary feasibility study (PFS) to new large scale government R&D programs. The PFS of R&D programs is an ex-ante evaluation that is performed in point of views of technology, policy and economy.Because a lot of tax should be expended to conduct a government R&D program, the program should be conducted based on the national science and technology (S&T) strategies, and the program expense should be used meaningly on the basis of the consensus of national policy and society. Also it is good that all risk factors should be known before starting the R&D program. Therefore the feasibility analysis on policy is very important part of the ex-ante evaluation of R&D program. In this paper, main contents of the feasibility analysis on policy will be explained. The policy analysis is composed of the evaluation criteria of three layers and deals with policy issues and other issues that could not be analyzed in technological analysis and economic analysis.

Keywords: Preliminary feasibility study; Ex-ante evaluation; Government R&D program; Policy analysis (search for similar items in EconPapers)
JEL-codes: D81 O32 O38 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2017-05
New Economics Papers: this item is included in nep-ino and nep-knm
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Published in Proceedings of the Proceedings of the 30th International Academic Conference, Venice, May 2017, pages 91-98

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