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Economic Evaluation of Sustainable Development

Authors: Thomas, Vinod, Chindarkar, Namrata

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  • Open Access
  • Focuses on emerging and pressing development priorities
  • Balances between tools and applications in development economics
  • Includes detailed illustrations and examples of applications of tools
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  • ISBN 978-981-13-6389-4
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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.  

About the authors

Vinod Thomas, Visiting Professor at Lee Kuan Yew School of Public Policy, NationalUniversity of Singapore, was Senior Vice President, Independent Evaluation,at the World Bank. He has authored 16 books including Climate Change andNatural Disasters.Namrata Chindarkar is Assistant Professor at Lee Kuan Yew School of PublicPolicy, National University of Singapore. She has published widely on sustainabledevelopment, social policy, infrastructure, poverty and inequality, and gender.

Reviews

“This book focuses on the many problems that arise in evaluating past decisions and informing pending ones. Over the entire spectrum of policies relating to social and economic development. It takes readers on a guided tour of three main approaches, citing real-world examples in each case. Readers can gain much from the knowledge and wisdom reflected in its pages, based on the many decades its authors have spent in the struggle to improve human conditions around the world. Here one can learn not only about hopeful approaches, but also about their limitations and the many real-world obstacles that must be confronted in their application. Overall, a serious and honest attempt to inform readers of how complex are the problems of accelerating economic and social development, and a call for greater application of available techniques and approaches in this struggle.” (Arnold Harberger, Distinguished Professor Emeritus, University of Chicago and University of California Los Angeles)

“The book's central theme -- that evaluation should inform economic policy making -- is a key message for those in the business of sustaining development, growth and poverty reduction.” (Emmanuel Jimenez, Executive Director, International Initiative for Impact Evaluation)

“This book is an excellent primer on (i) economic approaches to evaluation, (ii) objectives-based evaluation and (iii) their application to the framework of the Sustainable Development Goals. It will prove essential to students and scholars, but also to policy analysts who need practical methods to evaluate projects and policies in the new terrain, and to understand the conceptual and analytical foundations of proposed methods.” (Ravi Kanbur, T.H Lee Professor of World Affairs, Cornell University)

“In a world awash with data, very few people know how to move from data to evidence. This book is an invaluable guide to the tools and techniques that can be used. It links the disciplines of economics and evaluation and shows how the big challenges of our times—like achievement of the Sustainable Development Goals—depend on us all learning how to learn.” (Homi Kharas, Interim Vice President and Director, Global Economy and Development, The Brookings Institution )

“This book is important and timely. It provides a detailed road map towards excellence in the evaluation of sustainable development at the higher plane of global policy.” (Robert Picciotto, Former Director General, Independent Evaluation Group, The World Bank)

“Thomas and Chindarkar do an excellent job of providing tools to practitioners and guide them through the application of economics tools to evaluations of sustainable development. Impact evaluation, cost-benefit analysis, and objectives-based evaluations are married in a very nice collection of chapters that teaches and advocates high quality work. I recommend it highly.” (Jyotsna Puri, Head, Independent Evaluation Unit, Green Climate Fund)

“The strengths of this book are its broad approach to policy evaluation—embracing both impact evaluation and economic analysis—and the clarity of its exposition, backed up by many examples. This is a very welcome contribution.” (Martin Ravallion, Edmond D. Villani Chair in Economics, Georgetown University, Washington DC)

“This Book offers a timely and most needed contribution to the field of evaluation, by bridging the gap between economics and evaluation methods. Thomas and Chindarkar have succeeded in presenting a compelling discussion on the application of economics approaches to traditional evaluation practices to improve the assessment of policy, program and project development effectiveness.” (Marvin Taylor-Dormond, Director General of Evaluation of the Asian Development Bank)  

“This book has brought together and integrated major approaches to the evaluation of development policies and projects and indicated their strengths and complementarities in a much needed way. The reader will learn and benefit much from it.” (George S. Tolley, Professor Emeritus of Economics, The University of Chicago)


Table of contents (5 chapters)

Table of contents (5 chapters)
  • Evaluation, Economics, and Sustainable Development

    Thomas, Vinod (et al.)

    Pages 1-23

  • The Spectrum of Impact Evaluations

    Thomas, Vinod (et al.)

    Pages 25-61

  • The Picture from Cost-Benefit Analysis

    Thomas, Vinod (et al.)

    Pages 63-94

  • Objectives-Based Evaluation for Accountability and Learning

    Thomas, Vinod (et al.)

    Pages 95-123

  • Conclusion and Future Directions

    Thomas, Vinod (et al.)

    Pages 125-142

Buy this book

eBook  
  • ISBN 978-981-13-6389-4
  • This book is an open access book, you can download it for free on link.springer.com
Hardcover $31.00
price for USA in USD
  • ISBN 978-981-13-6388-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Economic Evaluation of Sustainable Development
Authors
Copyright
2019
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-981-13-6389-4
DOI
10.1007/978-981-13-6389-4
Hardcover ISBN
978-981-13-6388-7
Edition Number
1
Number of Pages
XXIII, 145
Number of Illustrations
18 b/w illustrations, 1 illustrations in colour
Topics