Objective of the workshop is to present and discuss with experts the methodology developed in the framework of the research project “Cost-Benefit Analysis in the Research, Development and Innovation Sector” sponsored by the EIB Institute and to collect suggestions and comments for adjustments and fine tuning. The format of the workshop is an in-depth discussion of the Draft Final Report describing the CBA model and lessons learned from the two selected cases (i.e. the Large Hadron Collider (LHC) at CERN and the National Centre for Oncological Treatment (CNAO) in Pavia (IT)).
“The Evaluation of Research Infrastructures: a Cost-Benefit Analysis Framework” will be presented at the 2015 Annual Conference and Meeting of the Society for Benefit-Cost Analysis.
The Society for Benefit-Cost Analysis is an international group of practitioners, academics and others who are working to improve the theory and application of the tools of benefit-cost analysis. The 2015 annual conference on Advancing the Policy Frontier will focuses on the link between theory and practice of cost-benefit analysis (CBA), the methods used to estimate particular types of costs or benefits, the application of CBA to specific case studies, the role of CBA in decision making.
The annual meeting provides an opportunity for EIB staff and academics engaged in the activities of the EIB Institute to network and exchange ideas as well as to hear about the Institute’s initiatives under its three programmes, Knowledge, Social and Arts and Culture. The meeting is also a useful platform to discuss new collaborative initiatives between the EIB and academics such as the JASPERS knowledge network. Researchers presented the results of completed and ongoing EIBURS research projects and STAREBEI research internships, and representatives of universities discussed new and ongoing partnership agreements with specific universities and networks.
The workshop discussed the preliminary results of the project “Cost/Benefit Analysis in the Research, Development and Innovation Sector”, funded by the European Investment Bank Institute. In particular, the first four research papers related to the EIBURS project will behave been presented together with some the preliminary results of the CBA on the two selected case studies, i.e. the CERN's Large Hadron Collider (LHC) and the Hadrontherapy Centre of Pavia.
Antonella Calvia-Götz, European Investment Bank
Antonella Calvia-Götz works at the European Investment Bank (EIB). Last year, she chaired the High Level Expert Group on the Assessment of the projects on the ESFRI roadmap. In 2009, she developed the Background Methodology for funding research infrastructures in Czech Republic. At the EIB, she acted as advisor to the British member of the Management Committee. Before joining the Bank, she contributed to the first Council Report on the Competitiveness of the European Industry. After her studies, Dr Calvia-Götz worked as risk manager for American Express Europe in London. She is a non-executive Board Director of a Luxembourgish company. She earned her Doctorate Degree in Economics from Oxford University.
Gelsomina Catalano, University of Milan and Centre for Industrial Studies (CSIL)
Gelsomina Catalano holds a degree in Political Sciences and a Master degree in "Planning, Assessment and Selection of Public Investments" from Orientale University (Naples, Italy). She is partner of CSIL and expert at the Development and Evaluation Unit since 2008. She is specialised in financial, economic and risk analyses of infrastructural projects. Recently, she has worked on developing specific methodology for the assessment of social-economic impact of investments financed by EU Structural Funds in Lithuania. She has also participated in the updating of the current EU Guide for CBA. As expert of CBA, she contributed to the ex post evaluation of investment projects co-financed by ERDF and CF in the period 1994-99 commissioned by European Commission, DG Regional Policy.
Albert De Roeck, CERN
Albert De Roeck is a senior research scientist and staff member at CERN. He is also a professor at the University of Antwerp (Belgium) and a visiting professor at the Institute of Particle Physics and Phenomenology in Durham (UK), University of California Davis and the British University in Cairo (Egypt). After his PhD at the university of Antwerp on an experiment at CERN, De Roeck spent 10 years at the German particle physics laboratory, DESY, where he and his team made very precise measurements of the quark and gluon structure of the proton, and performed precise tests of the strong force. At the end of the 90's his interest turned to the possibility to discover new physics at future particle colliders, in particular Supersymmetry and Extra Dimensions, and he returned to CERN. During the last ten years, he played a significant role in the preparation of one of the experiments at the LHC: the Compact Muon Solenoid (CMS). De Roeck is one the leaders in the CMS physics program and actively involved in physics analyses. In 2010 Prof. De Roeck got a doctor honoris causa degree from the University of Helsinki, Finland. Co-author of more than 1000 scientific papers and an h-index of 111, as an experimentalist he also has also been collaborating closely with leading theorists of the field.
Chiara Del Bo, University of Milan
Chiara Del Bo is an Assistant Professor in Public Economics at the Department of Economics, Management and Quantitative Methods of the University of Milan. She earned a PhD in Economics from Università degli Studi di Milano, with the dissertation “Essays on Investment and Growth in an International Setting”. She has been a visiting researcher at the Department of Spatial Economics, Vrije Universiteit, Amsterdam and a visiting scholar at the Economics Department of Boston College, USA. She also holds a Master degree in Economics (MEc) at Università Commerciale Luigi Bocconi and graduated in Economics at Università Cattolica del Sacro Cuore, Milano with a dissertation on “Research Joint Ventures in the semiconductor industry”. Her research interests are in public and applied economics, with an additional focus on firm-level performance and regional growth issues.
Andres Faiña, Universidade da Coruña
Andres Faíña is Professor in Economics at University of A Coruña with a vast range of professional experience in European Affairs and in Regional Development Policy. His research interests include European Political Economy, Industrial Economics (Innovation and Business Models), as well as Spatial and Regional Economics. He has published in several leading academic journals and has actively participated in the planning of structural funds. Currently, he is Professor of European Industrial Economics (Jean Monnet Chair), Chair of the PhD Programme and professor responsible of Business Model Innovation in the graduate course on business innovation management. As Chairman of the Jean Monnet Research Group on Competitiveness and Development, he has recently published a series of articles and reports on regional economics and the evaluation of ERDF programmes.
Alfio Ferrara, University of Milan
Alfio Ferrara is assistant professor of Computer Science at the University of Milano, where he received his Ph.D. in Computer Science in 2005. His research interests include database and semi- structured data integration, Web-based information systems, ontology engineering, and knowledge representation and evolution. On these topics, he works in national and international research projects, including the recent EU FP6 BOEMIE (Bootstrapping Ontology Evolution with Multimedia Information Extraction) project, the FP6 INTEROP NoE (Interoperability Research for Networked Enterprises Applications and Software) project, and the ESTEEM (Emergent Semantics and cooperaTion in multi-knowledgE EnvironMents) PRIN project funded by the Italian Ministry of Education, University, and Research. He is also author of several articles and papers in international journals and conferences about ontology management and matching.
Massimo Florio, University of Milan
Massimo Florio is Full Professor of Public Economics and the Jean Monnet Chair "ad personam" of Eu Industrial Policy. He has held visiting positions at the London School of Economics, other British Universities, and international organisations, and was scientific director of the "Guide to CBA of Investment Project", adopted by the European Commission, DG Regional Policy, for funding major transport, environment, and other infrastructures. He has published several articles and books on the welfare analysis of infrastructure projects and public services, including "The Great Divestiture" (MIT Press, 2004) "Network Industries and Social Welfare. The Experiment that Reshuffled European Utilities" (Oxford University Press,2013), "Applied Welfare Economics. Cost-Benefit Analysis of Projects and Policies" (Routledge, 2014). As guest editor Massimo Florio has edited special issues of international journals such as Fiscal Studies, Journal of Economic Policy Reform, International Review of Applied Economics, Annals of Public and Cooperative Economics, Transition Studies Review.
Stefano Forte, INFN – University of Milan
Stefano Forte is Full Professor of theoretical physics at the University of Milan, where he currently serves as a member of the academic board. Formerly he has been a postdoc in Saclay and at CERN, and a staff research physicist with INFN (Istituto Nazionale di Fisica Nucleare) in Torino and Rome. He has been occupied visting positions in Edinburgh, Ecole Polytechnique, Ecole Normale Superieure de Lyon and he is a scientific associate of the Discovery Center of the Niels Bohr Institute and the Higgs Centre in Edinburgh. At CERN he has been a member of the SPS Commitee, and is currently a member of the LHeC Coordination Group.
Mario Genco, Centre for Industrial Studies (CSIL)
Mario Genco is a partner of CSIL since 1997. He holds a degree in nuclear engineering and has been working for several years to the process design and thermo-hydraulic models for various nuclear plants. Since 1982 he has also covered several management roles in important environmental projects. During his professional career of more than 30 years, he has been appointed as high professional profile advisor for several major infrastructure projects by national and international bodies, in particular for the environment and energy sectors. His experience encompasses all phases of the project management cycle: from ex-ante evaluation, feasibility studies and CBA, to operational planning, follow-up of authorizing procedures, organisations and coordination of implementation, ex- post evaluation. Since 1982 he has also covered several management roles in important environmental and energy projects (nuclear, methane, oil and hydropower plants). He is an expert in cost-benefit and risk analysis and he developed a dedicated software for running risk analysis using the Montecarlo method. He is part of the team authoring several editions of Cost-Benefit Analysis DG REGIO Guide.
Anna Giunta, University of Rome III
Anna Giunta, Master of Science in Economics, University of Southern California, Los Angeles; Ph.D in Development Economics, Centro di Specializzazione e Ricerche Economico-Agrarie per il Mezzogiorno, Portici – Napoli; is Full Professor of Applied Economics, Department of Economics, Roma Tre University. She is Director of the "Centro Ricerche Economiche e Sociali Manlio Rossi- Doria"; member of the Applied Economics Academic Staff Recruitment Committee; Member of the Board of Directors of Società di Economia e Politica Industriale; Member of the Società Italiana degli Economisti Committee for University, Evaluation and Academic Research; Co-Editor of QA – Rivista dell’Associazione Rossi-Doria. Her current research interests are: Global Value Chains; Firms’ Organization; Firms’ Internationalization; Industrial and Regional Policy Evaluation; Italian Economy; Regional Disparities. Her recent articles appear on: International Small Business Journal; International Review of Applied Economics; Voxeu; International Journal of Technological Learning, Innovation and Development; Regional Studies.
Diana Hicks, Georgia Institute of Technology
Diana Hicks is Professor in the School of Public Policy, Georgia Institute of Technology, Atlanta, GA, USA specializing in science and technology policy. She has assessed national systems of research evaluation for the OECD and the Flemish and Swedish governments. As Senior Policy Analyst at CHI Research between 1998 and 2003 she conducted numerous policy analyses for Federal research agencies using patent and paper databases. Her work has been supported by and has informed policy makers in the U.S., Europe and Japan. Prof. Hicks has also taught at the Haas School of Business at the University of California, Berkeley; SPRU, University of Sussex, and worked at the National Institute of Science and Technology Policy (NISTEP) in Tokyo. Dr. Hicks earned her D.Phil and M.Sc. from SPRU, University of Sussex
Per-Olov Johansson, Stockholm School of Economics
Per-Olov Johansson is Emeritus Professor of Economics at the Department of Economics of the Stockholm School of Economics (Sweden), and has previously held professorships at the University of Oslo (Norway) and the Swedish University of Agricultural Sciences. He gained a PhD in Economics at the University of Umea, Sweden, in 1981. He has published widely in macroeconomics, public economics, environmental economics, health economics, and resource economics. His most recent publications include Modern cost-benefit analysis of hydropower conflicts. Edward Elgar, 2011 (editor together with B. Kriström), The economics of evaluating water projects – Hydroelectricity versus other uses. Springer Verlag, 2012 (with B. Kriström), and Evaluating water projects. Cost- benefit analysis versus win-win approach. Springer Verlag, 2013 (with B. Kriström).
Mark Mawhinney, European Investment Bank
Mark Mawhinney’s career has spanned construction, civil engineering, R&D and renewable energy sectors, with a strong foundation in the commercial assessment, finance and operation of major infrastructure projects. He joined the EIB in 2009 initially to assess, evaluate and advise on major Eastern European academic and urban infrastructure projects for the new JASPERS unit. He continues to lead the unit’s work on development and refinement of a cost benefit analysis tool for such projects. In 2012 he joined the Evaluation team within the EIB. He has contributed to a number of evaluations and is currently working as part of a team on the evaluation of EIB contribution to the EU. In June 2014 he will return to JASPERS.
Chiara Pancotti, Centre for Industrial Studies (CSIL)
Chiara Pancotti holds a degree in Economics from Bicocca University (Milan). In 2011 she started her research activities at CSIL. As junior analyst she has gained experience in cost-benefit analysis of infrastructural projects and as well as in carrying out risk analyses. Recently, she took part in the provision of technical assistance for the preparation of the cost-benefit analyses and application forms for request of co-financing with ERDF under the 2007-13 Operational Programmes of a number of major projects. Also, she has been part of the team in charge of drafting the CBA methodological guidelines for the Government of Lithuania; in this framework she has conducted sector-specific estimates for the environment sector. Finally, during last year she carried on research activities on applied welfare economics, particularly about the use of welfare weights in CBA.
Julie Pellegrin, Centre for Industrial Studies (CSIL)
Julie Pellegrin is director of the Regional Development unit CSIL. She holds a PhD in International Political Economy from the European University Institute in Florence and a MA in Applied Economics from the Institut d'Études Politiques (Sciences Po) in Paris. She specialises in public policy analysis in the fields of regional development and innovation policies. She has gained considerable experience in managing complex evaluation and research studies on behalf of the European Commission (DG Enterprise, DG Regio, DG Employment), other European and international organisations (European Parliament, OECD, African Development Bank), as well as national and regional authorities. For example, she has recently coordinated the ex-post evaluation of cohesion policy programmes 2000-2006 co-financed by the ERDF (Work package 4: Structural Change and Globalisation) on behalf of DG REGIO and led an evaluation for the African Development Bank on the Bank's multinational operations. She coordinated several projects for the European Parliament and she has had teaching appointments on Innovation policy in Europe at the Institut d'Études Politiques de Paris and on the Evaluation of Research and Technology Development policy at the Université Reims Champagne Ardenne.
Giorgio Rossi, European Strategy Forum on Research Infrastructures (ESFRI) and University of Milan
Giorgio Rossi is Professor of Physics at the Università degli Studi di Milano. He holds a degree in Physics at Politecnico di Milano and a Doctorat d’Etat es ciences Physi ues at the niversit Pierre et Marie Curie, Paris. He leads the APE group at IOM and Elettra performing research in surface and interface science and operating advanced beamlines of synchrotron radiation and instrumentation open to users. He coordinates the Nano Foundries and Fine Analysis European infrastructure project since 2008. He is currently vice-president of ESFRI and Chair of the Physical Science and Engineering Strategy Work Group. His research interests are nanostructured surfaces and ultrathin films of inorganic and organic matter aiming at the understanding of electronic and magnetic interactions. is co-author of more than 180 papers in international referred scientific journals.
Lucio Rossi, CERN
Lucio Rossi became doctor in Physics in 1980 with a thesis in Plasma Physics; in 1992 became Professor of Experimental Physics at the University of Milan. He worked on a Superconducting Cyclotron and he has been responsible of the first LHC dipole prototype for CERN. In 2001 he joined CERN to lead the construction of Magnets & Superconductors for the LHC Project. From 2010 he is the leader of the High Luminosity LHC, with a project budget of about 1 billion CHF. He is Project coordinator of the European project FP7-HiLumi LHC (2011-2015) and the coordinator of FP7- Eucard2-WP10 (2013-2016), devoted to qualify HTS for use in high field Accelerator Magnets. He has been Chair of Int. Conf. on Magnet Technology 2005 (MT-19) and he is member of the MT International Board since 2000. L. Rossi has received the IEEE Council of SuperConductivity Award for scientific accomplishment in 2007, and has been nominated IEEE-CSC Distinguished Lecture for Superconductivity for 2013. In 2013 he has been elevated to the grade of IEEE Fellow. Elected member of the ESAS board (European Society for Applies Superconductivity) for 2011-17, L. Rossi will be the chair of the European Conference on Applied Superconductivity EUCAS-2017 in Geneva. He is active in public outreach: he is founding member from 1985 of “Euresis”, an association for the promotion of scientific culture established in Milan.
Sandro Rossi, CNAO
From 1992 to September 2003 Sandro Rossi was a staff of the TERA Foundation, not-for-profit institute having development research goals in the biomedical sector. From December 1997 he was appointed as Technical Director. From 1996 to 1999 at CERN he led the TERA group (10 people) participating in the PIMMS project conceived to define the optimal machine for treating tumours with hadron beams. The Italian Ministry of Health decided in 2001 to create the CNAO Foundation and financed the realization of the National Centre of Oncological Hadrontherapy, presently treating patients with hadrons in Pavia. Since 2003, Sandro Rossi has been appointed Technical Director of CNAO and since 2008 he is also General Manager, being in charge of the coordination of some 100 people among physicians, administrative, physicists, engineers and technical personnel.
Silvia Salini, University of Milan
Silvia Salini earned a Ph.D in Statistics at the University of Milan-Bicocca, Italy, in 2002. Since 2004 she is an assistant professor at the Faculty of Social Science, Political Science and Economics of the University of Milan in the Department of Economics, Management and Quantitative Methods. She had worked for a long time on data mining methods and big data analytics. She has recently focused her research on the methodological problem of measuring outcomes of the Higher Education system. Most of her research is about the application of data mining techniques and multivariate analysis to large datasets, especially in survey data; multivariate calibration; evaluation of services quality; scientometrics, robust statistics. On these topics she has publications on international journals including Quality & Quality, Statistical Methods and Applications, Scientometrics, Journal of Classification, Journal of Applied Statistics, Journal of Applied Science, Applied Stochastic models in Business and Industry, Quality Reliability Engineering International, Quality Technology and Quantitative Management.
Artur Miguel Santoalha, CCMAR Centre of Marine Sciences
Artur Miguel Santoalha is research assistant at Université Paris Dauphine. He got his bachelor degree in Economics from the Economics and Management School of the Portuguese Catholic University in 2010, having concluded as the first in his class. During his undergrad studies he also spent a 6 months period in Poland at Warsaw School of Economics. After his graduation he enrolled in the research master degree in Analysis and Policy in Economics, lectured by Paris School of Economics jointly with HEC, EHESS, École Normale Superieur, École National des Ponts et Chausse, École Politechnique and ENSAE. He concluded in September 2012 with High Honors. During his professional path he worked as a trainee at the UN Economic Commission for Latin America and the Caribbean and the European Commission, and as a consultant for the OECD Development Centre and the Centre of Marine Sciences (University of Algarve).
Herwig Schopper, CERN and University of Hamburg
Study at University Hamburg, physics Diploma and Doctorate, Prof. emer.; Research assistant at Technical University Stockholm (with Lise Meitner); Cavendish Labora-tory UK (with O.R.Frisch); Cornell University (with R.R.Wilson); Research in Optics, Nuclear and Elementary Particle Physics. Various professorships in Germany and Director of University Institutes; Director of DESY at Hamburg 1973-1980; Director-General CERN at Geneva 1981-88; Former Presidencies: Association German Research Centres (now Helmholtz Association); German and European Physical Societies; SESAME Council; Chair Scientific Board of International Basic Science Programme (UNESCO). Member of various Academies; Distinctions: Honorary doctorates of universities of Erlangen, Moscow, Geneva, London, JINR (Dubna) und IHEP (Protvino); Grosses Bundesverdienstkreuz (Germany); Grand Cordon of the Order of Independence (Jordan); Great Cross of Order of Merit (Cyprus); Tate Medal AIP; UNESCO Albert Einstein Gold Medal; Niels Bohr Gold Medal (Denmark) and others.
Emanuela Sirtori, Centre for Industrial Studies (CSIL)
After a degree in Economics from Biccoca University (Milan), Emanuela Sirtori started her research activities at CSIL in 2009. Over the past 5 years, she has gained relevant experience in Cost-Benefit Analysis of infrastructural projects and econometric and counterfactual techniques for evaluating the impact of Structural Funds. She has participated in different evaluation studies on behalf of the European Parliament and of the European Commission (DG Enterprise and Industry, DG Enlargement and DG Regional Policy). Currently, she is contributing to the development of the conceptual framework for the evaluation of research infrastructure in the framework of the project Cost/benefit analysis in the research, development and Innovation Sector (on behalf of EIB). Emanuela has a wide knowledge of economic growth theories and applied economics. She has coordinated the drafting of the book "Applied Welfare Economics – Cost-Benefit Analysis of Projects and Policies" and she authored two chapters on the social discount rate and empirical approaches for shadow price estimation.
Alessandro Sterlacchini, Università Politecnica delle Marche
Full Professor of Applied Economics at the "G. Fuà" Faculty of Economics of the Università Politecnica delle Marche (Ancona, Italy), where he teaches Microeconomics and Economics of Innovation both at the graduate and post-graduate level. He is member of CSIL Scientific Committee and President of the Italian Society for Industrial Economics and Policy. His research activity has been mainly in the field of Economics of Innovation, with special focus on the determinants and economic effects of R&D, patents, knowledge and innovation. In this regard, he carried out extensive empirical work across industries, firms and geographical areas and devoted particular attention to innovation policies. He coordinated or contributed to different policy studies on behalf of the European Commission.
Robert Swerdlow, European Investment Bank
Robert Swerdlow works as a project economist in the Knowledge Economy and Energy Division of JASPERS (Joint Assistance to Support Projects in European Regions). JASPERS provides advice to the new EU member countries and Greece to help improve the quality of major projects to be submitted for grant financing under the Structural and Cohesion Funds. Robert werdlow’s main focus is on the technical, financial and economic cost-benefit analysis of research and innovation projects. Robert Swerdlow holds an MA in Economics and previously worked in agricultural commodity forecasting and technology transfer.
Dorothee Teichmann, European Investment Bank
Dorothee Teichmann works as a project economist in the Knowledge Economy and Energy Division of JASPERS (Joint Assistance to Support Projects in European Regions). JASPERS, a partnership between the European Commission, the European Investment Bank and the European Bank for Reconstruction and Development, provides advice to the new EU member countries and Greece to help improve the quality of the major projects to be submitted for grant financing under the Structural and Cohesion Funds. Dorothee Teichmann’s main focus is on financial analysis and economic cost- benefit analysis of research and innovation projects, ICT projects as well as cultural and health projects. Dorothee Teichmann holds a PhD in Economics from University Paris-Dauphine and previously worked for the OECD and CDC Climat, a subsidiary of the French Caisse des Dépôts et Consignations.
Silvia Vignetti, Centre for Industrial Studies (CSIL)
After a degree in Economics from Bocconi University and a traineeship at UNESCO, Silvia Vignetti started her collaboration as a research fellow at CSIL. During her career, she has been specializing in Structural Funds interventions and evaluation of projects and programmes, regional development and Cost-Benefit Analysis. Also, she has developed considerable skills in managing evaluation and research projects on behalf of the European and national institutions as well as in coordinating large and international teams. She is currently coordinating a research project for the European Investment Bank aimed at developing a methodology for the cost-benefit analysis in the research, development and innovation sector. Silvia also advices the European Commission in appraising the applications for major projects in the framework of technical assistance to the DG REGIO on major projects. She has been in the team authoring the last two editions of the Guide to Cost-Benefit Analysis of Investment Projects adopted by the European Commission, DG REGIO. She has also established a wide network of contacts with regional and local authorities, by providing technical assistance services and training course in Cost-Benefit Analysis for civil servants and practitioners across Europe and Africa.
Witold Willak, European Commission DG Regio
Witold Willak is an official of the European Commission, currently working as Head of Sector “Coordination of Major Projects” in the nit G.1 Competence Centre: mart and ustainable Growth, DG Regional and Urban Policy. He holds an MSc degree in Economics from Katowice University in the specialisation of regional policy. In his professional career he was involved in preparation of regional and local development strategies, and negotiated investment programmes between the government and regional authorities. For nearly 10 years he has been a programme manager for EU- funded programmes for the Czech Republic and Poland. He’s provided various trainings in the area of regional policy, and has large experience in evaluation activities for programmes and projects.