Internationally government and non-government organisations are increasingly interested in measuring the difference that interventions and proposals make to people’s lives and society. The social investment approach and the Treasury CBAx model are New Zealand examples. Policy advisors can use cost benefit analysis (CBA) to assess the value for money of investment options. Providing robust policy advice includes a strong evidence base and robust and consistent values when monetising impacts for comparative analysis.
Daniel Fujiwara will highlight international developments and trends. His talk will provide an introduction to CBA and social impact measurement, touching on key topics such as causal inference It will also cover new developments in this area, including the shift from preferentialist welfarism and the growing influence of behavioural economics and normative ethics in CBA. The focus of the lecture will be on valuation methods for non-market goods and services. This will cover the main valuation methods that are recommended and accepted in best-practice guidelines in the OECD.
About Daniel Fujiwara
Daniel Fujiwara is the founding Director of Simetrica and holds research positions at the London School of Economics. He is an economist specialising in policy evaluation and social impact measurement. Daniel has experience working in government and in international organisations, including the UK Cabinet Office and the United Nations. In the UK Government he was a lead adviser on valuation techniques for non-market goods and on policy evaluation methodology. He has contributed to the development of policy evaluation guidelines in the UK and for the OECD.
In 2012 he was awarded the John Hoy Memorial Prize in Economics for his contribution to policy evaluation in the UK Government. Daniel developed the Social Value Bank, the largest valuation model in the world with consistent value estimates and the wellbeing valuation method internationally. Simetrica’s work areas include the social sector, health, housing, sport, infrastructure, education, employment, telecommunications, environment, and the arts and cultural sectors.
Note: Papers, presentation slides and any other material provided by the Guest Lecturer will be made available some time after the lecture at Publications > Media & Speeches > Guest Lectures by Visiting Academics.