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Tax revenue accruing from the commercialization of research findings as an indicator for economic benefits of government financed research


Forster, Simon P; Seeger, Stefan (2014). Tax revenue accruing from the commercialization of research findings as an indicator for economic benefits of government financed research. Research Evaluation, 23(3):233-248.

Abstract

In this article, we propose the use of tax payments accruing from the commercialization of research findings as a measure of research benefits complementing the existing range of evaluation tools. We place this novel approach to assess the economic returns to publicly funded research in the context of previous studies and highlight its advantages. The application of our method over a long period is demonstrated with the example of saccharin, which was discovered in the context of a curiosity-driven fundamental research project. In our study, we focused on Monsanto's commercial saccharin production finding notable returns.

Abstract

In this article, we propose the use of tax payments accruing from the commercialization of research findings as a measure of research benefits complementing the existing range of evaluation tools. We place this novel approach to assess the economic returns to publicly funded research in the context of previous studies and highlight its advantages. The application of our method over a long period is demonstrated with the example of saccharin, which was discovered in the context of a curiosity-driven fundamental research project. In our study, we focused on Monsanto's commercial saccharin production finding notable returns.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:07 Faculty of Science > Department of Chemistry
Dewey Decimal Classification:540 Chemistry
Language:English
Date:July 2014
Deposited On:19 Feb 2015 14:00
Last Modified:14 Feb 2018 22:53
Publisher:Oxford University Press
ISSN:1471-5449
Additional Information:This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Research Evaluation following peer review. The definitive publisher-authenticated version Forster, S. P; Seeger, S (2014). Tax revenue accruing from the commercialization of research findings as an indicator for economic benefits of government financed research. Research Evaluation, 23(3):233-248. is available online at: http://rev.oxfordjournals.org/content/23/3/233.
OA Status:Green
Publisher DOI:https://doi.org/10.1093/reseval/rvu013

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