Measuring the economic benefits of research and development: The current state of the art

Douglas Williams and A Dennis Rank

Research Evaluation, 1998, vol. 7, issue 1, 17-30

Abstract: The methodology for measuring the economic benefits of R&D has been considerably refined since the mid-1980s. Recently, increasing attention has been paid to the indirect benefits of R&D, in particular, the measurement of competency benefits. This paper shows that it is now possible to provide defensible estimates of both direct benefits (those arising from the use of the research results) and benefits which arise from the use of the competencies that are developed in the R&D process. A number of specific methodological advances are also discussed, such as the refinement of the notions of incrementality and attribution. Copyright , Beech Tree Publishing.

Date: 1998
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