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By: MCFADDEN, Michael
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Contributor(s): MWESIGYE, Sue-Ellen | WILLIAMSON, Gordon.
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ArticlePublisher: Oxford : Blackwell Publishers Limited, December 2002Australian Journal of Public Administration 61, 4, p. 80-88Abstract: This paper discusses the advantages and limitations of economic evaluation as a measurement methodology within the Australian government's outcome and output framework including preliminary benefit-cost analysis of Australian Federal Police investigations. The results suggest that the Australian Federal Police is retirning over $5 to the community for every dollar invested in fraud and drug investigations. It is concluded that benefit-cost analysis is a useful tool for comparing the price of an output to the value of an outcome. The method has limitations. Not all outcomes will admit of easy assessment and the information may be difficult to collect. However, the use of surrogate measures and extrapolation of results may overcome most of these limitations
This paper discusses the advantages and limitations of economic evaluation as a measurement methodology within the Australian government's outcome and output framework including preliminary benefit-cost analysis of Australian Federal Police investigations. The results suggest that the Australian Federal Police is retirning over $5 to the community for every dollar invested in fraud and drug investigations. It is concluded that benefit-cost analysis is a useful tool for comparing the price of an output to the value of an outcome. The method has limitations. Not all outcomes will admit of easy assessment and the information may be difficult to collect. However, the use of surrogate measures and extrapolation of results may overcome most of these limitations
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