Handling time in economic evaluation studies.
BACKGROUND: lime horizon and discounting are important issues in economic evaluation studies and have an impact on the priority of different programs. OBJECTIVE: Provides supporting rational and theories to propose the appropriate discount rate for both cost and effect and time horizon for conductin...
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| Main Authors: | , , |
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| Format: | Journal |
| Published: |
2018
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| Subjects: | |
| Online Access: | https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=62449222001&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/60626 |
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| Institution: | Chiang Mai University |
| Summary: | BACKGROUND: lime horizon and discounting are important issues in economic evaluation studies and have an impact on the priority of different programs. OBJECTIVE: Provides supporting rational and theories to propose the appropriate discount rate for both cost and effect and time horizon for conducting economic evaluation studies in Thailand. MATERIAL AND METHOD: Describe the theories that explain time horizon for both the cost of a study and its effect. CONCLUSION: The recommended uniform discount rate for both costs and effects at the base case is 3% with a variance in range from 0-6% by sensitivity analysis. The time horizon should be long enough to capture the full costs and effects of the programs. |
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