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Research paper−70−Synthesiology - English edition Vol.8 No.2 pp.70-89 (Sep. 2015) and knowledge benefits for the development of renewable energy and energy saving technologies through US public R&D projects. They introduced a series of case studies to demonstrate the analyses using time adjustment factors and sensitivity analysis.[11]Since the projects conducted by New Energy and Industrial Technology Development Organization (NEDO) are funded by taxes, they must be accountable to taxpayers by showing how effectively the investment in development are being returned to the public. To meet such demand, NEDO initiated the selection of “NEDO Inside Products” – the products or the processes in which any NEDO project outcome is being used as their core technology (i.e., innovative technologies that are essential to practical applications and cannot be emulated by others; including those enabling the emergence of new functionality, newly integrated technologies, innovative manufacturing and processing technologies, highly reliable characterization technologies) in FY 2009. Assuming the contribution rate of the project outcomes against the products’ sales being 100 %, these products’ economic impacts such as net sales have been estimated.[12]-[18]In this research, we conducted survey, and made evaluations and analyses to identify the social impact of “Top 70 NEDO Inside Products”: The net sales, induced economic effects, technological ripple effects, and gross social benefit (e.g., CO2 reduction, energy saving, and job creation) of the project outcomes that have been remarkable success and eventually generated strong sales through the fundamental and core projects as well as the projects aimed at practical application 1 IntroductionThere has been a number of research conducted on the economic evaluation of government-funded R&D projects in Japan, but they tend to be limited to estimates and sensitivity analyses under limited conditions: It is not simple to identify the factors necessary for the evaluation of cost-effectiveness of R&D projects (i.e., the contribution rate of project outcomes, basic production unit, etc.). Shiotani et al. carried out a return on investment analysis of nuclear power generation, taking the following effects into account: generation costs reduction, environmental load reduction, risk to life reduction, energy security improvement, resource depletion control, and fuel import reduction.[1] Yanagisawa et al. estimated the cost-effectiveness of the products utilizing radiation on various grounds, considering the factors including device costs, radiation dosage, and the contribution rate to added product value.[2] Kimura et al. qualitatively evaluated the impact of energy-saving effects of thermal energy related projects as an economic evaluation of national projects.[3] Besides, there are several accounts on different types of economic evaluation and benefit of public policies;[4]-[10] however, all these reports lack details on parameter settings and variables related to the influence of market conditions as well as the contribution rate of project outcomes to practical applications, selling price, and changes in sales volume. Nonetheless, they seem to simply focus on identifying certain trends. In contrast, G. B. Jordan et al. of the US Department of Energy compiled a detailed guideline of benefit-cost analysis comprising economic benefits, energy benefits, environmental benefits, energy security benefits, - Study of the top 70 NEDO Inside Products-“NEDO Inside Products” are defined as products or processes using core technologies resulting from NEDO’s research and development projects. In this study, we analyzed and estimated the creation, and CO2 emission reduction. Our analysis revealed that NEDO Inside Products sales in 2010 amounted to 4.08 trillion yen while projected sales from 2011 to 2020 are estimated to increase to 69.1 trillion yen. Job creation estimates between 2011 and 2020 range from 109 to 185 thousand people per year, and CO2 emission can be reduced by 53 million tons per year. Furthermore, in-depth and systematic analysis showed that many NEDO Inside Products developed after 1999, including components and manufacturing technologies, are being utilized in the latest household electric appliances, computers, and automotive products. Lastly, we found that NEDO projects have significantly contributed to the establishment of various types of recycling systems: Another example of the extensive benefit to the society brought about by NEDO’s research and development projects. Research on social benefits resulting from NEDO projectsKeywords : Follow-up monitoring, national project, development result, impact evaluation, gross social benefit[Translation from Synthesiology, Vol.8, No.2, p.70-88 (2015)]Masaru Yamashita*, Yoshiko Yurugi, Noriko Kimura, Sayaka Shishido, Tomonaga Yoshida, Toshiyuki Isshiki, and Mitsuru TakeshitaNew Energy and Industrial Technology Development Organization, Technology Strategy Center 16Floor, MUZA Kawasaki Central Tower, 1310 Omiya-cho, Saiwai-ku, Kawasaki 212-8554, Japan * E-mail : Original manuscript received September 10, 2014, Revisions received December 26, 2014, Accepted January 5, 2015

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