Central Innovation Manual on Excellent Econometric Evaluation of the Impact of Public R&D investments
Since 2007 the Danish Agency for Science, Technology and Innovation (DASTI) has conducted a number of econometric impact studies of Danish innovation schemes. The studies are carried out in cooperation with Danish researchers and ministries, and are a key element of the evidence-based policy making.
Minimums standards for impact studies
To secure the same standard across the different research and innovation programmes, DASTI has formulated nine principles as minimum requirements and standards on methods and data for excellent econometric impact assessments of public research and innovation programmes and policies.
Nine principles: Minimum requirement on methods for impact studies
| Data | 1. Data quality and harmonisation of data collection |
|---|---|
| Design |
2. Selection of comparable companies and/or individuals as control groups 3. Difference-in-difference method 4.Treatment of outliers 5. Long-time series 6. Robustness test |
| Interpretation of results |
7. Relative impact indicators 8. Peer review of results |
| Critical issues | 9. Failures and stress tests |
The manual has been implemented in accordance with the most recent and best econometric research methods, which facilitates publication of methods and results in the most respected international journals in the relevant fields.
Results of impact studies
The manual also summarise the results of different impact studies carried out on Danish research and innovation programmes and policies.
Standards for key performance indicators
The manual also provides an overview of a comprehensive set of input, output and impact performance indicators, which are well suited to measure the effect of research and innovation programmes. e.g. in the cases where the main purpose of the programme may be non-economic activities or limited access to quantitative micro data and long-time series.
The manual is also available in German:
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