A web-based tool for adjusting costs to a specific target currency and price year

Authors:
Ian Shemilt Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UKand Campbell and Cochrane Economics Methods Group

Search for other papers by Ian Shemilt in
Current site
Google Scholar Close
,
Thomas James EPPI-Centre, Social Science Research Unit, Institute of Education, University of London, UK

Search for other papers by Thomas James in
Current site
Google Scholar Close
, and
Morciano Marcello Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UK

Search for other papers by Morciano Marcello in
Current site
Google Scholar Close
Article Category:
Research Article
Copyright:
© The Policy Press 2010
Online Publication Date:
01 Jan 2010
Pages:
51–59
Publisher:
Policy Press
Volume/Issue:
Volume 6: Issue 1
DOI:
https://doi.org/10.1332/174426410X482999
Restricted access
Get eTOC alerts
Rights and permissions Cite this article
Buy article/chapter (
GBP  £25.00
)

Objective:

To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.

Methods:

A web-based tool was programmed using C#, utilising GDP deflator index values and Purchasing Power Parities conversion rates produced by the International Monetary Fund and the Organisation for Economic Co-operation and Development.

Results:

Version 1.0 is available at http://eppi.ioe.ac.uk/costconversion/default.aspx

Conclusions:

The tool can be used as a first-line approach to cost adjustment in non-healthcare applications and as an optional approach in healthcare applications when use of more sophisticated methods is not feasible.

Ian Shemilt Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UKand Campbell and Cochrane Economics Methods Group

Search for other papers by Ian Shemilt in
Current site
Google Scholar Close
,
Thomas James EPPI-Centre, Social Science Research Unit, Institute of Education, University of London, UK

Search for other papers by Thomas James in
Current site
Google Scholar Close
, and
Morciano Marcello Health Economics Group, School of Medicine, Health Policy and Practice, University of East Anglia, Norwich, UK

Search for other papers by Morciano Marcello in
Current site
Google Scholar Close

(i.shemilt@uea.ac.uk)

Corresponding author.

Content Metrics

May 2022 onwards Past Year Past 30 Days
Abstract Views 3215 1625 159
Full Text Views 195 54 2
PDF Downloads 197 57 3

Altmetrics

Dimensions

Cover Evidence & Policy
Evidence & Policy
A journal of research, debate and practice