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

By I. Shemilt, James Thomas, M. Morciano. 2010

353 citations recorded by the source corpus.

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To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.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

Subfields: Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/8e56e9e2de882e6881e93309e02992758c2b4630

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Citations in the corpus

Consolidated Health Economic Evaluation Reporting Standards (CHEERS)--explanation and elaboration: a report of the ISPOR Health Economic Evaluation Publication Guidelines Good Reporting Practices Task Force. (2013, methodology): “For example, an algorithm for adjusting costs to a specific target currency and price year [82] outlines a two-stage computation:”
Economic impact of medication non-adherence by disease groups: a systematic review (2018, methodology): “This online tool uses a two-stage computation process to adjust estimates of costs for currency and/or price year using a Gross Domestic Product deflator index and Purchasing Power Parities (PPP) for Gross Domestic Product.”
The Economic Costs of Type 2 Diabetes: A Global Systematic Review (2015, neutral): “The PPP-adjusted estimates for the year 2011 were then calculated using the Campbell and Cochrane Economics Methods Group Evidence for Policy and Practice Information and Coordination Centre (CCEMG-EEPPI Centre) cost converter [6].”