European Regional Science Association
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European Regional Science Association
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The abstract for paper number 100:
Stephen Roper, InnovationLab Europe, Birmingham, United Kingdom, Nola Hewitt-Dundas, School of Management and Economics, Belfast, United Kingdom, James H Love, Aston Business School, Birmingham, United Kingdom
An Ex Ante Evaluation Framework for the Regional Impact of Publicly Supported R&D Projects
This paper draws on the knowledge-base implicit in ex post evaluations of publicly funded R&D and other related conceptual and empirical studies to suggest a framework for the ex ante evaluation of the regional benefits from R&D projects. The framework developed comprises two main elements: an inventory of the global private and social benefits which might result from any R&D project; and, an assessment of the share of these global benefits which might accrue to a host region, taking into account the characteristics of the R&D project and the region’s innovation system.
The inventory of global benefits separately identifies private and social benefits and distinguishes between increments to public and private knowledge stocks, benefits to R&D productivity and benefits from commercialisation. Potential market and ‘pure’ knowledge spillovers are also considered separately. The paper concludes with the application of the framework to two illustrative case-studies one relating to a collaborative company-university project and one relating to a university only research centre.