Assessing the full effects of public investment in space

J. Clark, C.C. Koopmans, B. Hof, P. Knee, R. Lieshout, P. Simmonds, F. Wokke

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Many space-related impact studies have been carried out in the past, but there is no conclusive, comprehensive evaluation of the economic and social effects of public investments in space. Such evaluations are not easy to perform, for several reasons: the space sector is not a recognised category in official statistics; social benefits, which are likely to be very important, are hard to assess; and impacts from R&D are complex and occur in the long term. However, important steps can be made towards better evaluation of impacts. The full set of impacts of space investments may be simultaneously evaluated from both a 'bottom-up' and a 'top-down' perspective. In the bottom-up perspective, each effect is measured separately, while the top-down perspective provides a framework for integrating the effects. Although both perspectives have their own advantages and drawbacks, combining them yields both detailed and integrated results. Our discussion of the bottom up approach starts by identifying an extensive list of impacts. Next, data availability issues and methodological improvements are identified, leading to recommendations on programmes to collect data and perform case studies. Finally, suggestions are made for presenting impacts in the form of a scoreboard. The core of the top-down evaluation methodology proposed is social cost benefit analysis. Effects are weighted, where possible, on the basis of observed market prices or other estimations of monetary values. For effects that are hard to measure or monetize, multi-criteria analysis can be applied using surveys and expert opinion. Our core recommendations are to clearly define the space sector, to collect additional data, and to use improved methodologies. Social, strategic and environmental impacts deserve special attention, aiming at a more comprehensive coverage of impacts. Comprehensive evaluations can contribute to more upport for space expenditures.
Original languageEnglish
Pages (from-to)121-134
JournalSpace Policy
Volume30
Issue number3A
DOIs
Publication statusPublished - 2014

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public investment
evaluation
recommendations
bottom-up approach
sectors
methodology
cost benefit analysis
cost-benefit analysis
official statistics
market price
social benefits
social costs
expenditure
effect
public
Public investment
social effects
environmental impact
lists
expenditures

Cite this

Clark, J., Koopmans, C. C., Hof, B., Knee, P., Lieshout, R., Simmonds, P., & Wokke, F. (2014). Assessing the full effects of public investment in space. Space Policy, 30(3A), 121-134. https://doi.org/10.1016/j.spacepol.2014.03.001
Clark, J. ; Koopmans, C.C. ; Hof, B. ; Knee, P. ; Lieshout, R. ; Simmonds, P. ; Wokke, F. / Assessing the full effects of public investment in space. In: Space Policy. 2014 ; Vol. 30, No. 3A. pp. 121-134.
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Clark, J, Koopmans, CC, Hof, B, Knee, P, Lieshout, R, Simmonds, P & Wokke, F 2014, 'Assessing the full effects of public investment in space' Space Policy, vol. 30, no. 3A, pp. 121-134. https://doi.org/10.1016/j.spacepol.2014.03.001

Assessing the full effects of public investment in space. / Clark, J.; Koopmans, C.C.; Hof, B.; Knee, P.; Lieshout, R.; Simmonds, P.; Wokke, F.

In: Space Policy, Vol. 30, No. 3A, 2014, p. 121-134.

Research output: Contribution to JournalArticleAcademicpeer-review

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