Ấn phẩm:
Economic returns on investing in early childhood development in Vietnam: A costbenefit analysis
Đang tải...
Xem mô tả
13
Xem & Tải
9
Nhan đề khác
Tóm tắt
Background Economic evidence on the long-term benefits of investing in early childhood development is limited.
This study aimed to estimate the potential long-term economic benefits of an early childhood development
intervention ‘Learning Clubs’ in Vietnam.
Methods We conducted a cost-benefit analysis to estimate the costs and benefits of the intervention compared
to the standard of care from a limited societal perspective. The intervention cost and child cognitive development
outcome were derived from the published ‘Learning Clubs’ trial-based cost-effectiveness analysis. Benefits were
monetised based on the gains in wages associated with improved cognitive development over a lifetime at the
population level, using a life-table model. The benefit-cost ratio was estimated as the benefits in wages divided by
the intervention cost with a 3% discount rate, assuming nationwide scale up to a hypothetical national birth cohort.
Sensitivity, scenario, and threshold analyses were conducted to examine the uncertainty around the model.
Results The benefit-cost ratio was 5.52, indicating that the expected benefit for each US$1 invested would be
US$5.52. The intervention would generate economic benefits of US$1,566 per child over their lifetime. Upon
nationwide scale-up, the total benefit would amount to US$2.28 billion per national annual birth cohort. Probabilistic
sensitivity analyses estimated the benefit-cost ratio to be 5.90 (95%CI 2.66 to 11.12). The findings were relatively
robust as the benefit-cost ratios remained above 1 in all sensitivity and scenario analyses.
Conclusions Our findings support greater investments in early childhood development. The Excel-based model is
available for further use and adaption to other settings
Tác giả
Baek, Yeji
[ et. al.]
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Năm xuất bản
2025
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Economic development
Bộ sưu tập
URI
Tài liệu tham khảo
Thông tin bản quyền
Tệp tin
Economic returns on investing in early.pdf
Dung lượng: 960.57 KBĐịnh dạng: pdf
Lượt xem: 9 Lượt tải: 0