Chapter

Systematic Approaches to Program Evaluation and Evaluation Metrics

Albert N. Link and John T. Scott

in Public Goods, Public Gains

Published in print December 2010 | ISBN: 9780199729685
Published online May 2011 | e-ISBN: 9780199894697 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199729685.003.0004
Systematic Approaches to Program Evaluation and Evaluation Metrics

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Four alternative approaches to program evaluation are discussed: the traditional Griliches/Mansfield method, the counterfactual method, the spillover method, and non-economic based methods. Each is discussed from a conceptual point of view. Also, the mathematics underlying evaluation metrics is set forth; these metrics include the internal rate of return, benefit-to-cost ratio, and net present value.

Keywords: Griliches/Mansfield method; counterfactual method; spillover method; internal rate of return; benefit-to-cost ratio; net present value

Chapter.  3733 words.  Illustrated.

Subjects: Public Economics

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