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Open Access 2019 | Open Access | Book

Cover of the book

Economic Evaluation of Sustainable Development

Authors: Dr. Vinod Thomas, Dr. Namrata Chindarkar

Publisher: Springer Singapore

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About this book

This book is open access under a CC BY 4.0 license.
This book presents methods to evaluate sustainable development using economic tools. The focus on sustainable development takes the reader beyond economic growth to encompass inclusion, environmental stewardship and good governance. Sustainable Development Goals (SDGs) provide a framework for outcomes. In illustrating the SDGs, the book employs three evaluation approaches: impact evaluation, cost-benefit analysis and objectives-based evaluation. The innovation lies in connecting evaluation tools with economics. Inclusion, environmental care and good governance, thought of as “wicked problems”, are given centre stage. The book uses case studies to show the application of evaluation tools. It offers guidance to evaluation practitioners, students of development and policymakers. The basic message is that evaluation comes to life when its links with socio-economic, environmental, and governance policies are capitalized on.

Table of Contents

Frontmatter

Open Access

Chapter 1. Evaluation, Economics, and Sustainable Development
Abstract
This introductory chapter opens the discussion on applying economic tools for evaluating sustainable development. It sets out the focal argument of this book that the current approach to development evaluation, which primarily assesses the value added of growth with only a cursory glance given to issues of inclusion, environmental stewardship, and good governance, needs to evolve to more thoroughly account for these critical issues.
Vinod Thomas, Namrata Chindarkar

Open Access

Chapter 2. The Spectrum of Impact Evaluations
Abstract
This chapter underscores the importance of causal attribution and takes the readers through various impact evaluation methodologies that enable evaluators to measure the causal impact of policies. Using case studies, it highlights important assumptions, advantages, and disadvantages of each methodology to give readers a sense of how these techniques can be applied to issues of sustainable development.
Vinod Thomas, Namrata Chindarkar

Open Access

Chapter 3. The Picture from Cost-Benefit Analysis
Abstract
This chapter focuses on one of the oldest techniques of economic evaluation, cost-benefit analysis (CBA). It takes the readers through the steps involved in conducting a CBA. In addition to conventional steps to be followed, it underscores the use of the technique in examining inclusion and environmental sustainability. It also includes case studies highlighting the application of CBA in influencing policies aimed at achieving sustainable development.
Vinod Thomas, Namrata Chindarkar

Open Access

Chapter 4. Objectives-Based Evaluation for Accountability and Learning
Abstract
This chapter features objectives-based evaluation (OBE) as a means to assessing the performance of international development finance, which remains key to achieving sustainable development priorities in many parts of the world. It lays out key evaluation criteria included in OBE and illustrates its multi-level approach that not only focuses on project-level outcomes but also on aggregate-level outcomes such as sectoral, country, or thematic level. It emphasizes the critical role of OBE in providing a big picture of how well development resources are being utilized. Again, it pays special attention to the use of the method with respect to issues of sustainable development.
Vinod Thomas, Namrata Chindarkar

Open Access

Chapter 5. Conclusion and Future Directions
Abstract
This concluding chapter summarizes our discussion and sets out three aspects that can help make economic evaluation of sustainable development stronger—broadening our understanding of the direct and indirect impacts, recognizing the global dimension of sustainable development priorities, and getting innovative with data to make evaluations current and relevant.
Vinod Thomas, Namrata Chindarkar

Open Access

Correction: Economic Evaluation of Sustainable Development
Vinod Thomas, Namrata Chindarkar
Backmatter
Metadata
Title
Economic Evaluation of Sustainable Development
Authors
Dr. Vinod Thomas
Dr. Namrata Chindarkar
Copyright Year
2019
Publisher
Springer Singapore
Electronic ISBN
978-981-13-6389-4
Print ISBN
978-981-13-6388-7
DOI
https://doi.org/10.1007/978-981-13-6389-4