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Standardizing economic analysis in prevention will require substantial effort.

Max Guyll1

  • 1Department of Psychology, Iowa State University, W112 Lagomarcino, Ames, IA, 50011-3180, USA, guyll@iastate.edu.

Prevention Science : the Official Journal of the Society for Prevention Research
|December 18, 2013
PubMed
Summary

Comparing economic analyses of prevention research is difficult due to inconsistent methods. This paper proposes a standardized reference case approach to improve consistency and impact of economic evaluations in prevention science.

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Area of Science:

  • Health Economics
  • Prevention Science
  • Economic Evaluation

Background:

  • Economic analyses of prevention programs lack comparability due to varied assumptions and methodologies.
  • Crowley et al. (2013) highlighted the need for standardization in prevention economic research.

Discussion:

  • This paper outlines a framework for standardized methodology in estimating economic outcomes for prevention research.
  • A single, standard reference case approach is proposed for all economic research in this field.
  • Results from compliant analyses should be reported in a central archive for accessibility.

Key Insights:

  • Standardization will enhance the impact and utility of economic research related to prevention.
  • Predetermined models can simplify predicting and monetizing distal outcomes.
  • The proposed framework aims to increase accessibility for researchers without specialized economic training.

Outlook:

  • A strong, determined approach is necessary for the widespread adoption of proposed best practices.
  • Standardization may require prescribing methodological details and verifying compliance.
  • This framework seeks to foster greater consistency and comparability in prevention economic evaluations.