Poor countries need development programs that are both effective and cost-effective. To assess effectiveness, researchers are increasingly using randomized trials (or quasi-experimental methods that imitate randomized trials), which provide a clear picture of which outcomes are attributable to the program being evaluated. This Policy Insight discusses the benefits of drawing on the growing number of such studies to perform cost-effectiveness analyses. Cost-effectiveness analyses that compare different interventions or different classes of interventions can give policymakers much more information about what types of development programs deliver the most value. Evans and Ghosh present the results of a cost-effectiveness analysis of education interventions in low-income countries, using it to illustrate the key issues involved in this approach.
This report is part of the RAND Corporation corporate publication series. Corporate publications are program or department brochures, newsletters, pamphlets, and miscellaneous information about the RAND Corporation or RAND's business units. Some corporate publications are published in the AR series as Annual Reports or as Administrative Reports. Administrative Reports are often required by the client or sponsor and provide a status report on work resulting from a contract.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.