Development of a model to estimate the economic impacts of R&D output of public research institutes

This paper proposes a modeling framework to estimate the economic impacts of R&D output of public research institutes. The framework models the process of R&D output generating the economic impacts. The authors collect case data of market‐creation economic impacts originating from R&D ou...

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Bibliographic Details
Published inR & D management Vol. 40; no. 1; pp. 91 - 100
Main Authors Matsumoto, Mitsutaka, Yokota, Shinji, Naito, Koh, Itoh, Junji
Format Journal Article
LanguageEnglish
Published Oxford, UK Blackwell Publishing Ltd 01.01.2010
Subjects
Case studies
Economic impact
Estimates
R&D
Research & development
Research centers
Studies
Japan
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Summary:This paper proposes a modeling framework to estimate the economic impacts of R&D output of public research institutes. The framework models the process of R&D output generating the economic impacts. The authors collect case data of market‐creation economic impacts originating from R&D output of the National Institute of Advanced Industrial Science and Technology, Japan. On the basis of the case studies, the process of R&D output generating economic impacts is modeled in the following four stages: (1) R&D output, (2) technology transfer, (3) commercialization, and (4) market impacts. The model describes these stages using six parameters. This paper presents the model and case studies, and discusses the application of the model.
Bibliography:istex:03A3D70A7CCB6F05EAFA29805EF05D1F4796D6A8
ark:/67375/WNG-VBTGPGGB-D
ArticleID:RADM578
ISSN:0033-6807
1467-9310
DOI:10.1111/j.1467-9310.2009.00578.x