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Critical review of literature on socio-economic impact assessment of RIs

Words by Elina Griniece, 6th August 2018

RI-PATHS team has reviewed the most common methodologies currently employed for the socio-economic impact assessment (IA) of research infrastructures (RIs). The report is available here.

While the majority of the reviewed approaches cover the main expected socio-economic impacts of RIs, such as the production of knowledge, human capital accumulation, increased innovation, productivity or effects on GDP, they differ in the way such impacts are measured, treated, and aggregated. Moreover, some of the reviewed methods are complementary, some are substitutes; some have broad applicability, while others are quite narrow in their scope and potential informative power. The review makes a systematic assessment based on six assessment criteria: reliability, validity, accuracy, cost/time needed, relevance for policy makers, relevance for RI managers. The report highlights that there is not a single methodological approach that can appropriately answer all the questions that a socio-economic IA pose. Rather, a smart and rigorous combination of approaches is necessary for tackling this endeavour.

We will be glad to receive your feedback on this report. For any comments, suggestions and inquiries, please contact us at contact@ri-paths.eu.

 

 

Words by Elina Griniece, 6th August 2018