A macroeconomic assessment of the impact of medical research expenditure: A case study of NIHR Biomedical Research Centres.

Quantifying the value of investment in medical research can inform decision-making on the prioritisation of research programmes. Existing methodologies to estimate the rate of return of medical research are inappropriate for early-phase translational research due to censoring of health benefits and...

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Bibliographic Details
Main Authors: Joel B E Smith, Keith M Channon, Vasiliki Kiparoglou, John F Forbes, Alastair M Gray
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2019-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0214361