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Williams, D. and Rank, A.D. (1998) Measuring the Economic Benefits of Research and Development: The Current State of the Art. Research Evaluation, 7, 17-30.
https://doi.org/10.1093/rev/7.1.17

has been cited by the following article:

• TITLE: Economic Impact of McNenny State Fish Hatchery, Spearfish, South Dakota, USA

  AUTHORS: Michael E. Barnes, Timothy Palmer

  KEYWORDS: Fish Hatchery, Economic Impact, Recreational Fishing

  JOURNAL NAME: Modern Economy, Vol.10 No.6, June 28, 2019

  ABSTRACT: McNenny State Fish Hatchery, rural Spearfish, South Dakota, USA produces trout and salmon for stocking into public recreational fishing waters in South Dakota. Hatchery operations at McNenny are funded solely by the sale of hunting and fishing licenses and an excise tax on fishing equipment. This study evaluated the monetary contribution of hatchery expenditures and fish production to the local economy of South Dakota for calendar year 2017. The economic value of the fish raised at McNenny State Fish Hatchery in 2017 was calculated to be $6,609,576.03 USD. When added to the estimated McNenny share of angler expenditures in the Black Hills National Forest, the total local monetary impact of McNenny State Fish Hatchery operations and fish stocking was slightly more than $22 million. Based on annual hatchery expenditures, McNenny operations generated $51.68 of local economic output for every budgetary dollar spent in 2017.