This report critically examines studies of how scientific research drives innovation which is then translated into socio-economic benefits. It focuses on research evaluation insights that are relevant not only to the academic community, but also to policymakers and evaluation practitioners--and particularly to biomedical and health research…

Describes government funding of university-based research in Australia, Canada, and the United Kingdom. Examines problems in research evaluation and related public policy, particularly the link between evaluation and funding, issues of efficiency and incentive compatibility, and impact of performance evaluation on researcher behavior. Appendix…