Expanding theory-based evaluation: Incorporating value creation in a theory of change

Julian King

Evaluation and Program Planning, 2021, vol. 89, issue C

Abstract: Evaluations of policies and programs often use a theory of change to articulate how the intervention is intended to function and the mechanisms by which it is supposed to generate outcomes. When an evaluation includes cost and efficiency considerations, economic and other concepts can be added to a theory of change to articulate a theory of value creation that articulates the mechanisms by which the intervention should use resources efficiently, effectively and create sufficient value to justify the resource use.

Keywords: Value for money; Cost-benefit analysis; Theory of change; Efficiency; Equity (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:epplan:v:89:y:2021:i:c:s0149718921000586

DOI: 10.1016/j.evalprogplan.2021.101963

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