Assessing the Assignation of Public Subsities: Do the Experts Choose the Most Efficient R&D Projects
José García-Quevedo, Economic Institute of Barcelona, University of Barcelona
The implementation of public programs to support business R&D projects requires the establishment of a selection process. This selection process faces various difficulties, which include the measurement of the impact of the R&D projects as well as selection process optimization among projects with multiple, and sometimes incomparable, performance indicators. To this end, public agencies generally use the peer review method, which, while presenting some advantages, also demonstrates significant drawbacks. Private firms, on the other hand, tend toward more quantitative methods, such as Data Envelopment Analysis (DEA), in their pursuit of R&D investment optimization. In this paper, the performance of a public agency peer review method of project selection is compared with an alternative DEA method.
About the speaker
José Garcia-Quevedo is a senior lecturer at the Faculty of Economics and Business Administration of the University of Barcelona. He is also a researcher at the Economic Institute of Barcelona, University of Barcelona. His PhD deals with the geography of innovation and university-industry relationships. He collaborates also with the CYD Foundation (www.fundacioncyd.org) which has the goal of promoting the contribution of universities to development. His research interests are in industrial and technology policy, university-industry relationships and evaluation of public policies, particularly innovation and technology policy.
Venue: UNU-MERIT Conference room, 4th floor, Keizer Karlplein 19
Date: 05 November 2008
Time: 12:00 - 13:00