The Societal and Economic Impacts of Academic Research: International perspectives on good practice and managing evidence

The socio-economic impact of research is something of a neglected area.  This report considers approaches to assessing the impact of the research itself, primarily in OECD countries. It argues that being able to measure the impact of research will help funding councils in their decision making. It does not cover the actual socio-economic impact of the reesearchers and their institutional footprints - in terms of jobs, inward investment, local economic opportunities - which can be very significant even in the UK and, relatively speaking, likely to be even more so in an LMIC setting.