In a recent article, Geroski and Walters (Economic Journal, 105, 1995, 916-928) suggest that changes in demand Granger cause changes in innovative activity but not vice versa. This note shows that inappropriate modelling methods can lead to such conclusions which exclude the possibility of...

A unique and important application of a comprehensive and practical multi-objective evaluation framework is presented which goes far beyond traditional cost-benefit analysis (CBA). It is characterized by transparency which is not always the case for methods beyond CBA. The application is geared...