Abstract
Griliches (1958) [Journal of Political Economy, 66: 419–131] and Mansfield et al. (1977) [Quarterly Journal of Economics, 91: 221–240] pioneered the application of fundamental economic insight to the development of measurements of private and social rates of return to innovative investments. This paper illustrates field-based methods for measuring the social rates of return to innovative investments by the public sector. The case study described herein relates to the development of an improved standard reference material for the measurement of the wavelength of light in an optical fiber network.
Key words
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Bush, V., 1945, Science—the Endless Frontier, Washington, DC: U.S. Government Printing Office.
Council of Economic Advisers (CEA), February 2002, Economic Report of the President, Washington, D.C.: United States Government Printing Office.
Griliches, Z., 1958, ‘Research Costs and Social Returns: Hybrid Corn and Related Innovations,’ Journal of Political Economy 66, 419–431.
Link, A.N., 1996a, ‘Economic Impact Assessments: Guidelines for Conducting and Interpreting Assessment Studies,’ NIST Planning Report 96-1.
Link, A.N., 1996b, Evaluating Public Sector Research and Development, New York: Praeger Publishers.
Link, A.N. and J.T. Scott, 1998, Public Accountability: Evaluating Technology-Based Institutions, Norwell, MA: Kluwer Academic Publishers.
Link, A.N. and J.T. Scott. 2001, ‘Public/Private Partnerships: Stimulating Competition in a Dynamic Economy,’ International Journal of Industrial Organization 19, 763–794.
Mansfield, E., J. Rapoport, A. Romero, S. Wagner, and G. Beardsley, 1977. ‘Social and Private Rates of Return from Industrial Innovations,’ Quarterly Journal of Economics 91, 221–240.
Office of Management and Budget (OMB), 1992, ‘Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs,’ Circular No. A-94, October 29.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer Science+Business Media, Inc.
About this chapter
Cite this chapter
Link, A.N., Scott, J.T. (2005). Evaluating Public Sector R&D Programs: The Advanced Technology Program’s Investment in Wavelength References for Optical Fiber. In: Link, A.N., Scherer, F.M. (eds) Essays in Honor of Edwin Mansfield. Springer, Boston, MA. https://doi.org/10.1007/0-387-25022-0_7
Download citation
DOI: https://doi.org/10.1007/0-387-25022-0_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-25010-6
Online ISBN: 978-0-387-25022-9
eBook Packages: Business and EconomicsEconomics and Finance (R0)