The rate of return to investment in R&D infrastructure: an overview

Chiara Del Bo

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: The return to R&D investment and activities has been the object of a vast literature, both from a theoretical and empirical perspective. The aim of this overview is to present a selection of contributions to underscore the main shared findings and highlight open issues. First, a common methodological framework is distilled from the macro literature, examining the return to R&D in aggregate terms. Then, the evaluation in the context of specific projects, mainly in large research infrastructure, are examined, followed by the explicit consideration of externalities and spillover effects of research activities. A preliminary empirical analysis of European research infrastructures is also presented, based on a novel dataset, to highlight trends and suggest new avenues for the evaluation of the rate of return to investments in research infrastructures. Directions for future research are sketched in the concluding section.

Keywords: Return to R&D; Endogenous growth; Cost Benefit Analysis; Spillovers (search for similar items in EconPapers)
JEL-codes: D62 O3 O4 (search for similar items in EconPapers)
Date: 2014-12-01
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2014-11

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