Publication:
Integrating Value for Money and Impact Evaluations: Issues, Institutions, and Opportunities

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dc.contributor.authorBrown, Elizabeth D.
dc.contributor.authorTanner, Jeffery C.
dc.date.accessioned2019-10-18T19:17:46Z
dc.date.available2019-10-18T19:17:46Z
dc.date.issued2019-10
dc.description.abstractThis mixed methods study investigates why fewer than one in five impact evaluations integrates a value-for-money analysis of the development intervention being evaluated. This study distills four main insights from combined analysis of 33 semi-structured and unstructured interviews, surveys of 497 policy makers and 16 journal editors, and portfolio analyses of World Bank and worldwide impact evaluations. The study finds that low levels of training in cost data collection and analysis methods, together with a lack of standardization of the value-for-money assumptions (e.g., time horizons, discount rates, and economic or financial cost accounting) limit value-for-money integration into impact evaluations. Further eroding researchers' incentives, demand for cost evidence from the journals that publish impact evaluations is mixed. Ill-defined standards of rigor undermine editors' capacity to evaluate the quality of value-for-money analysis when it is integrated with impact evaluation evidence. Institutional funders of impact evaluations do not consistently demand that cost analysis be integrated into their funded evaluations. This study finds no evidence in support of the myth that policymakers do not demand cost evidence. Rather, it finds that researchers have few ways of knowing what kind of analysis policymakers need and when they need it. Improving the stock of impact evaluators who are cross trained in value-for-money methods, establishing standards in what constitutes rigor in costing, resolving methodological issues, and improving linkages between policymakers and researchers would lead to greater integration of value-for-money methods in impact evaluations.en
dc.identifierhttp://documents.worldbank.org/curated/en/862091571145787913/Integrating-Value-for-Money-and-Impact-Evaluations-Issues-Institutions-and-Opportunities
dc.identifier.doi10.1596/1813-9450-9041
dc.identifier.urihttps://hdl.handle.net/10986/32586
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9041
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectIMPACT EVALUATION
dc.subjectVALUE FOR MONEY
dc.subjectCOST-EFFECTIVENESS
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectDISCOUNT RATE
dc.subjectTIME HORIZON
dc.subjectCOST ACCOUNTING
dc.titleIntegrating Value for Money and Impact Evaluationsen
dc.title.subtitleIssues, Institutions, and Opportunitiesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleIntegrating Value for Money and Impact Evaluations: Issues, Institutions, and Opportunities
okr.date.disclosure2019-10-15
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/862091571145787913/Integrating-Value-for-Money-and-Impact-Evaluations-Issues-Institutions-and-Opportunities
okr.guid862091571145787913
okr.identifier.doi10.1596/1813-9450-9041
okr.identifier.externaldocumentum090224b0871e5783_1_0
okr.identifier.internaldocumentum31479183
okr.identifier.reportWPS9041
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/862091571145787913/pdf/Integrating-Value-for-Money-and-Impact-Evaluations-Issues-Institutions-and-Opportunities.pdfen
okr.statistics.combined4901
okr.statistics.dr862091571145787913
okr.statistics.drstats4280
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.topicScience and Technology Development::Standards and Technical Regulations
okr.topicScience and Technology Development::Statistical & Mathematical Sciences
okr.unitIndependent Evaluation Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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