Investing in Science
Investing in Science

Author: Massimo Florio

Publisher: MIT Press

Published: 2019-10-15

Total Pages: 385

ISBN-13: 026204319X

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A proposal for using cost-benefit analysis to evaluate the socioeconomic impact of public investment in large scientific projects. Large particle accelerators, outer space probes, genomics platforms: all are scientific enterprises managed through the new form of the research infrastructure, in which communities of scientists collaborate across nations, universities, research institutions, and disciplines. Such large projects are often publicly funded, with no accepted way to measure the benefits to society of these investments. In this book, Massimo Florio suggests the use of cost-benefit analysis (CBA) to evaluate the socioeconomic impact of public investment in large and costly scientific projects. The core concept of CBA of any infrastructure is to undertake the consistent intertemporal accounting of social welfare effects using the available information. Florio develops a simple framework for such accounting in the research infrastructure context and then offers a systematic analysis of the benefits in terms of the social agents involved. He measures the benefits to scientists, students, and postdoctoral researchers; the effect on firms of knowledge spillovers; the benefits to users of information technology and science-based innovation; the welfare effects on the general public of cultural services provided by RIs; and the willingness of taxpayers to fund scientific knowledge creation. Finally, Florio shows how these costs and benefits can be expressed in the form of stochastic net present value and other summary indicators.

Through the Kaleidoscope
Through the Kaleidoscope

Author: National Research Council

Publisher: National Academies Press

Published: 2002-07-26

Total Pages: 73

ISBN-13: 0309084423

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The importance of behavioral, social, economic, and environmental influences on health is increasingly recognized. Further, the relationships among genetic factors, social influences, and the physical environment are now of growing interest to the research, policy, public health, and clinical communities. As research in these areas yields new knowledge about these interactions, we are faced with the challenge of applying and translating that knowledge into practical applications or policy directions. To advance this challenge, the Institute of Medicine (IOM) brought together experts and collaborators at a symposium in May 2001. The symposium featured five reports released in the last 12 months by the IOM and the Division of Behavioral and Social Sciences and Education (DBASSE). The reports were the starting point for assessing the status of behavioral and social science research relating to health, identifying where the greatest opportunities appear to lie in translating this research into clinical medicine, public health, and social policy; and recognizing the barriers that continue to impede significant progress in conducting and utilizing this field of research. This report is a proceedings of the symposium from these experts in the field. Topics covered include research design, training, infrastructure investments, grant making, etiology, interventions, and priority investments necessary to support rapid advances in the behavioral and social sciences.

Economic Analysis and Infrastructure Investment
Economic Analysis and Infrastructure Investment

Author: Edward L. Glaeser

Publisher: University of Chicago Press

Published: 2021-11-11

Total Pages: 479

ISBN-13: 022680058X

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"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Data on Federal Research and Development Investments
Data on Federal Research and Development Investments

Author: National Research Council

Publisher: National Academies Press

Published: 2010-01-27

Total Pages: 121

ISBN-13: 0309150620

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Two surveys of the National Science Foundation's Division of Science Resources Statistics (SRS) provide some of the most significant data available to understand research and development spending and policy in the United States. These are the Survey of Federal Funds for Research and Development and the Survey of Federal Science and Engineering Support to Universities, Colleges, and Nonprofit Institutions. These surveys help reach conclusions about fundamental policy questions, such as whether a given field of research is adequately funded, whether funding is balanced among fields, and whether deficiencies in funding may be contributing to a loss of U.S. scientific or economic competitiveness. However, the survey data are of insufficient quality and timeliness to support many of the demands put on them. In addition the surveys are increasingly difficult to conduct in times of constrained resources, and their technological, procedural, and conceptual infrastructure has not been modernized for procedure or content. Data on Federal Research and Development Investments reviews the uses and collection of data on federal funds and federal support for science and technology and recommends future directions for the program based on an assessment of these uses and the adequacy of the surveys. The book also considers the classification structure, or taxonomy, for the fields of science and engineering.