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GCR 99-780 - Estimating Social and Private Returns from Innovations Based on the Advanced Technology Program: Problems and Opportunities
PREFACEMost who are knowledgeable about the economic evaluation of industrial innovation are familiar with Professor Edwin Mansfield's 1977 landmark set of case studies which measured the private and social returns on investment in 17 industrial research projects. Oft cited and followed as a model for subsequent case studies, Professor Mansfield's work continues to represent an important body of economic case studies of industrial innovation. The Advanced Technology Program (ATP), the U.S.'s civilian technology program begun in 1990, has developed and is implementing an ambitious program to evalute the iimpacts of its investments in high-risk, enabling technologies proposed, led, cost shared, and carried out by U.S. companies. One of the components of ATP's comprehensive evaluatio proigram is to conduct case studies of the projects it funds. In keeping with ATP's approach of involving the nation's leading economists in its evaluation studies, it has engaged the services of Professor Mansfield to direct a series of case studies of ATP funded projects. Preparatory to undertaking the ATP-project case studies, Professor Mansfield carried out a preliminary exploration of a sample of ATP-funded projects to lay the groundwork for the case studies. His purpose was to learn more about he ATP and the projects it has funded; to assess the willingness of company award reciepients to cooperate directly with him; to determine the availability of data; and to consider the applicability of his previous case-study methodology to ATP case studies. It is written in an informal style, and presumes some familiarity of the reader with Professor Mansfield's previous work and a working knowledge of private and social return-of-return methodoloty. We welcome your comments. Rosalie Ruegg January 1996 Return to Table of Contents or go to next section. Date created: June 15, 2006 |
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ATP website comments: webmaster-atp@nist.gov / Technical ATP inquiries: InfoCoord.ATP@nist.gov. NIST is an agency of the U.S. Commerce Department |
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