Rn. Kostoff, QUANTITATIVE QUALITATIVE FEDERAL RESEARCH IMPACT EVALUATION PRACTICES, Technological forecasting & social change, 45(2), 1994, pp. 189-205
This paper describes the quantitative and qualitative practice of fede
ral research impact evaluation. Evaluation of research impact is descr
ibed for three cases: Research selection, where the work has not yet b
een performed; research review, where work and results are ongoing; an
d ex-post research assessment, where research has been completed and r
esults can be tracked. Qualitative methods (such as peer review) and q
uantitative methods (such as cost-benefit analysis and bibliometrics)
are described. Although peer review in its broadest sense is the most
widely used method in research selection, review, and ex-post assessme
nt, it has its deficiencies, and there is no single method that provid
es a complete impact evaluation.