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Evaluating Federal R&D in the United States

Published 1 January 1993
Ron Kostoff
Citations3

TL;DR

This chapter describes the practice of federal research impact evaluation, and peer review in its broadest sense is the most widely used method in research selection, review, and ex-post assessment.

Abstract

This chapter describes the practice of federal research impact evaluation. Evaluation of research impact is described for three cases: Research selection, where the work has not yet been performed; Research review, where work and results are ongoing; and ex-post research assessment, where research has been completed and results can be tracked. Qualitative methods (such as peer review), semi-quantitative methods (such as historiographic tracings of accomplishments and critical scientific events), and quantitative methods (such as cost-benefit analysis and bibliometrics) are described. While peer review in its broadest sense is the most widely used method in research selection, review, and ex-post assessment, it has its deficiencies, and there is no single method which provides a complete impact evaluation.

Keywords

Economics, Econometrics and Finance