Evaluation of Space Programs: Select Findings from the OECD Space Forum

Abstract

Natural resource sustainability, safety, and transport efficiency are quickly growing concerns. Over the years, a number of space applications have demonstrated their usefulness as technical and scientific tools. Despite this, it cannot be taken for granted that public and private investments in space systems will automatically be forthcoming, especially in the current economic context. What would be required to ensure that adequate levels of investment are ultimately secured? The answer, first and foremost, is a sound set of tools to help policy makers arrive at investment decisions. This paper provides a brief introduction to benefit and cost methods used in the space sector, as analyzed in the context of the OECD Space Forum. 1 In cooperation with the space community, the OECD Space Forum was established to help governments, space-related agencies, and the private sector better identify the statistical contours of the space sector, while investigating the space infrastructure's economic significance, its role in innovation, and potential impacts for the larger economy. This unique international platform contributes to constructive dialogue between stakeholders and the exchange of best practices. The Forum's Steering Group includes the major space-related organizations from OECD economies