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Toward Development of a New Health Economic Evaluation Definition

Author

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  • Alexei BOTCHKAREV

    (Health System Information Management and Investment Division, Ontario, Canada)

Abstract

Economic evaluation (EE) is a dynamically advancing knowledge area of health economics. It has been conceived to provide evidence for allocating scarce resources to gain the best value for money. The problem of efficiency of investments becomes even more crucial with advances in modern medicine and public health which bring about both improved patient outcomes and higher costs. Despite the abundance of literature on the EE concepts, some key notions including the definition of the health economic evaluation remain open for discussion. Academic literature offers a large number and growing variety of EE definitions. It testifies to the fact that existing definitions do not meet economists’ requirements. The aim of this study was to examineexisting definitions and reveal their common features.

Suggested Citation

  • Alexei BOTCHKAREV, 2016. "Toward Development of a New Health Economic Evaluation Definition," Journal of Economics Bibliography, KSP Journals, vol. 3(4), pages 590-601, December.
    • Handle: RePEc:ksp:journ6:v:3:y:2016:i:4:p:590-601
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    References listed on IDEAS

    as
    1. Alan Shiell, 2007. "In search of social value," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 52(6), pages 333-334, December.
    2. Luke Vale & Ruth Thomas & Graeme MacLennan & Jeremy Grimshaw, 2007. "Systematic review of economic evaluations and cost analyses of guideline implementation strategies," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 8(2), pages 111-121, June.
    3. Mondher Toumi & Cécile Rémuzat & Emna El Hammi & Aurélie Millier & Samuel Aballéa & Christos Chouaid & Bruno Falissard, 2015. "Current process and future path for health economic assessment of pharmaceuticals in France," Post-Print hal-01772997, HAL.
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    More about this item

    Keywords

    Economic evaluation; Health care; Definition; Evidence-informed policy; Health technology assessment; Health economics;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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