2013
DOI: 10.9778/cmajo.20130003
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Estimating the payoffs from cardiovascular disease research in Canada: an economic analysis

Abstract: Canadians obtain relatively high health and economic gains from investments in cardiovascular disease research. Every $1 invested in cardiovascular disease research by public or charitable sources yields a stream of benefits of roughly $0.21 to the Canadian economy per year, in perpetuity.

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Cited by 12 publications
(5 citation statements)
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References 38 publications
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“…Such models tend to operate at a much higher level of aggregation than Payback or CAHS – typically seeking to track all the outputs of a research council [ 34 , 35 ], national research into a broad disease area (e.g. cardiovascular disease, cancer) [ 36 – 38 ], or even an entire national medical research budget [ 39 ].…”
Section: Established Approaches To Measuring Research Impactmentioning
confidence: 99%
See 1 more Smart Citation
“…Such models tend to operate at a much higher level of aggregation than Payback or CAHS – typically seeking to track all the outputs of a research council [ 34 , 35 ], national research into a broad disease area (e.g. cardiovascular disease, cancer) [ 36 – 38 ], or even an entire national medical research budget [ 39 ].…”
Section: Established Approaches To Measuring Research Impactmentioning
confidence: 99%
“…A key debate in the literature on monetisation of research impact addresses the level of aggregation. First applied to major research budgets in a ‘top-down’ or macro approach [ 39 ], whereby total health gains are apportioned to a particular research investment, the principles of monetisation are increasingly being used in a ‘bottom-up’ [ 34 , 36 – 38 ] manner to collect data on specific project or programme research outputs. The benefits of new treatments and their usage in clinical practice can be built up to estimate returns from a body of research.…”
Section: Established Approaches To Measuring Research Impactmentioning
confidence: 99%
“…Intangible costs (HRQoL costs) were captured through QALYs proxied with the HUI and then converted into monetary units using a value of $50,000 per QALY. [35,36] We identified HUI values of BCC and SCC for the local disease at 0.97 based on Chen et al, [37] and 0.67 for terminal cases based on Gaulin et al [38] Case QALYs were compared with population average QALYs, adjusted for age, sex, and population life expectancy. We also conducted a sensitivity analysis for this component using alternative monetary value of a QALY of, $100,000 and $150,000.…”
Section: Intangible Costsmentioning
confidence: 99%
“…However, new discoveries have undoubtedly played some role. An important area for further research is to quantify the relationship between expenditures and health gains, through a formal return on investment analysis [ 23 ]. Other jurisdictions, such as the UK, have undertaken such analyses and found that for every $1 spent on public/charitable CVD-related research, UK citizens would receive an income stream of about £0.09 per year in perpetuity.…”
Section: Discussionmentioning
confidence: 99%