Measuring the Economic Impacts of Federal Investments in Research

Olson, Steve; Merrill, Stephen J.

doi:10.2172/1026795

Cited by 5 publications

(4 citation statements)

References 39 publications

(44 reference statements)

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“…The National Science Foundation, European Commission which administers Horizon 2020, the UK government’s funding bodies like EPSRC, ESRC etc., and several research funding agencies have called for measuring the impact of research which they support [ 1 – 4 ]However, presently, no generalised impact evaluation frameworks exist. Research impact evaluation remains a major challenge despite the massive investment in research [ 5 – 7 ].…”

Section: Introductionmentioning

confidence: 99%

Measuring the Impact of Research: Lessons from the UK’s Research Excellence Framework 2014

2016

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Impactful academic research plays a stellar role in society, pressing to ask the question of how one measures the impact created by different areas of academic research. Measuring the societal, cultural, economic and scientific impact of research is currently the priority of the National Science Foundation, European Commission and several research funding agencies. The recently concluded United Kingdom’s national research quality exercise, the Research Excellence Framework (REF) 2014, which piloted impact assessment as part of the overall evaluation offers a lens to view how impact of research in different disciplines can be measured. Overall research quality was assessed through quality of outputs, ‘impact’ and research environment. We performed two studies using the REF 2014 as a case study. The first study on 363 Impact Case Studies (ICSs) submitted in 5 research areas (UoAs) reveals that, in general, the impact scores were constructed upon a combination of factors i.e. quantity of quartile-one (Q1) publications, quantity and value of grants/income, number of researchers stated in the ICSs, spin-offs created, discoveries/patents and presentation of esteem data, informing researchers/ academics of the factors to consider in order to achieve a better impact score in research impact assessments. However, there were differences among disciplines in terms of the role played by the factors in achieving their overall scores for the ICSs. The outcome of this study is thus a set of impact indicators, and their relationship with the overall score of impact of research in different disciplines as determined in REF2014, which would in the first instance provide some answers to impact measures that would be useful for researchers in different disciplines. The second study extracts the general themes of impact reported by universities by performing a word frequency analysis in all the ICSs submitted in the five chosen research areas, which were substantially varied owing to their fields.

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Section: Introductionmentioning

confidence: 99%

Measuring the Impact of Research: Lessons from the UK’s Research Excellence Framework 2014

2016

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“…In particular, university faculty and administrators dealing with science, engineering and technology programs must consider how they and their activity make and can make contributions to this critical imperative. A call to this end has come from President Obama as documented by Olson & Merrill [24] :…”

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confidence: 99%

“…The enactment of the America COMPETES Act in 2006 (and its reauthorization in 2010), the increase in research expenditures under the 2009 American Recovery and Reinvestment Act (ARRA), and President Obama's general emphasis on the contribution of science and technology to economic growth have all heightened interest in the role of scientific and engineering research in creating jobs, generating innovative technologies, spawning new industries, improving health, and producing other economic and societal benefits. (P.1) [24] It is worth taking an external view to obtain a 'non-engineering/non-technological' perspective.…”

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Examining the Role of the University in Creating Jobs

Murphy¹,

Dyrenfurth

2012 ASEE Annual Conference &Amp; Exposition Proceedings

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He is Co-PI of two international EU-FIPSE-funded grants. His scholarship agenda focuses on technological innovation, technological literacy, workforce development, and international dimensions of these fields. Increasingly, he has turned his attention to the assessment of technological capability and understanding. He received his Ph.D. from Bowling Green State University and his master's and bachelor's degrees at the

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The Expanding Business of the Entrepreneurial University: Job Creation

Murphy¹,

Dyrenfurth

2018

Philosophy of Engineering and Technology

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This chapter explores the role of universities in job creation. It does this by taking two approaches. The first is to look at how the university sees its role as expanding from traditional first and second mission activities to encompass third mission activities including industry engagement and how this supports job creation and economic development. The second approach is to examine how new jobs are created in a geographic region or country, and the role that the university can play in support of this. Typical third mission activities such as incubators, technology transfer, and science parks are also examined; including the role of government support and incentives.

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Measuring the Economic Impacts of Federal Investments in Research

Cited by 5 publications

References 39 publications

Measuring the Impact of Research: Lessons from the UK’s Research Excellence Framework 2014

Measuring the Impact of Research: Lessons from the UK’s Research Excellence Framework 2014

Examining the Role of the University in Creating Jobs

The Expanding Business of the Entrepreneurial University: Job Creation

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