I concur that such analyses are difficult and fraught. Logically reasonable economic actions are hemmed in, for example, by legalities, which use a very difficult form of logic. For example, in an economically perfect world, which does not exist, guns would be severely restricted in the US.
From: "Ann Hartell" <ahartell@gmail.com>
To: "TRB Health and Transportation" <h+t--friends@chrispy.net>
Sent: Thursday, June 16, 2016 3:01:25 AM
Subject: [H+T--Friends] Short piece on the use of ROI in public health
From the National Conference of State Legislators.
Snippet:
'The use of ROI analysis in public health has grown substantially over
recent years. Given its potential to influence decisions on how to
invest resources, it is important to understand the pros and cons of
using ROI to understand the cost effectiveness of public health
programs.
ROI can be used to make the economic case for why a program may be
worth funding, and capture some of the bigger picture effects a program
may have. For example, will a program lead to increased tax revenue for
the state? ROI analysis may also be useful for comparing the economic
impact that different programs may have on state budgets, but a word of
caution: ROI needs to be approached carefully.'
Link:
http://www.ncsl.org/blog/2016/06/08/putting-evidence-to-work-in-state-decision-making-return-on-investment.aspx
~~~~~~~~~~~~
Ann Hartell
Doctoral Candidate
Institute for Multi-Level Governance and Development
Wirtschaftsuniversität Wien/Vienna University of Economics and Business
https://www.wu.ac.at/en/mlgd/
Personal:
annhartell.com_______________________________________________
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