Bakhshi, Hasan, Edwards, John S., Roper, Stephen, Scully, Judy, Shaw, Duncan, Morley, Lorraine and Rathbone, Nicola (2015). Assessing an experimental approach to industrial policy evaluation:Applying RCT+ to the case of Creative Credits. Research policy, 44 (8), pp. 1462-1472.
Abstract
Experimental methods of policy evaluation are well-established in social policy and development eco-nomics but are rare in industrial and innovation policy. In this paper, we consider the arguments forapplying experimental methods to industrial policy measures, and propose an experimental policy eval-uation approach (which we call RCT+). This approach combines the randomised assignment of firmsto treatment and control groups with a longitudinal data collection strategy incorporating quantitativeand qualitative data (so-called mixed methods). The RCT+ approach is designed to provide a causativerather than purely summative evaluation, i.e. to assess both ‘whether’ and ‘how’ programme outcomesare achieved. In this paper, we assess the RCT+ approach through an evaluation of Creative Credits – aUK business-to-business innovation voucher initiative intended to promote new innovation partnershipsbetween SMEs and creative service providers. The results suggest the potential value of the RCT+ approachto industrial policy evaluation, and the benefits of mixed methods and longitudinal data collection.
Publication DOI: | https://doi.org/10.1016/j.respol.2015.04.004 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Operations & Information Management College of Business and Social Sciences > Aston Business School > Work & Organisational Psychology |
Additional Information: | © 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/ Funding: Nesta, the Economic and Social Research Council, the Arts and Humanities Research Council and the North West Development Agency. |
Uncontrolled Keywords: | evaluation,experimental,industrial policy,innovation,creative,qualitative research,General Engineering,Management of Technology and Innovation,Strategy and Management,Management Science and Operations Research |
Publication ISSN: | 0048-7333 |
Last Modified: | 03 Dec 2024 08:08 |
Date Deposited: | 16 Jul 2015 12:10 |
Full Text Link: | |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) |
PURE Output Type: | Article |
Published Date: | 2015-10 |
Published Online Date: | 2015-06-08 |
Authors: |
Bakhshi, Hasan
Edwards, John S. ( 0000-0003-3979-017X) Roper, Stephen Scully, Judy ( 0000-0002-0968-0941) Shaw, Duncan Morley, Lorraine Rathbone, Nicola |