r&d

The authors develop a real options model of research and development (R&D) valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D for vaccines to treat diseases affecting the developing regions of the world.

The paper reviews approaches to the evaluation of economic policy research and discusses the main lessons drawn from a series of International Food Policy Research Institute case studies on ways to heighten and analyze the impact of economic policy research on policy decisions.

The authors address the following questions: Have jobs been transplanted from the U.S.? How significant is this phenomenon and how
sustainable is it? What is the potential impact on future job creation and wage inequality in the U.S.? and How is it likely to impact the real estate sector?

The authors trace the evolution of research and development (R&D) expenditures along the development process using a new global panel data set. The first part shows that R&D effort measured as a share of GDP rises with development at an increasing rate. It then examines how four groups of countries from Latin America, Asia, advanced manufacturing exporters and advanced natural resource abundant countries fare relative to the predicted development trajectory.

The report finds that federal funding for research and development of counter terrorism has increased substantially following the Sept.11 attacks. The report reviews budget and coordination issues of the Department of Homeland Security.

The author surveys evidence on the "funding gap" for research and development (R&D). The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment.

A two-stage duopoly model with a research and development (R&D) stage and a technological spillovers and a pricing stage is used to examine the impact of R&D cooperation on prices in experimental duopoly markets. The report concludes that for both spillover levels, the prices are higher in periods where R&D contracts are committed to.

The report finds that gaining an understanding of the real and potential economic impact of government investments in research and development has suffered for decades from a lack of rigorous but broadly applicable methodologies for the assessment. The report provides overall guidelines for assessing the economic impacts of technology research program and a review of alternative analytical frameworks, data collection strategies, metrics and impact measures.

The plan lays out guiding principles, commitments and key actions to strengthen the Federal Highway Administrations (FHWA) role as an innovator and leader in national highway research and technology. FHWAs guiding principles and commitments for pursuing these opportunities for improvement are outlined as well.

The roundtable discussion is the last of the three sessions intended to help develop a picture of the state of research and innovation in the science, engineering, and technology communities in the United States.