Last week, Scioto Analysis Principal Rob Moore appeared on the Association for Public Policy Analysis and Management’s podcast The Wonk speaking about the use of cost-benefit analysis in the state of Ohio.
In April, Scioto Analysis released a report assessing the use of cost-benefit analysis in the state of Ohio from 2012 to 2018, building off a 50-state survey released by the Pew Charitable Trusts in 2013. In this study, Scioto Analysis found that there had not been a single best-practice cost-benefit analysis carried out in Ohio in the past decade.
“Policymakers aren’t getting data on the economic impacts of their policies,” said Moore on the podcast.
Other approaches to policy analysis such as cost-effectiveness analysis, well-being metrics, and measures of poverty and inequality were also discussed on the podcast.
“People who care about government working well should be interested in the use and prevalence of cost-benefit analysis because it provides something that we can argue about and discuss that is a bit more objective,” said Moore.
Later this summer, Scioto Analysis will be releasing a best-practice cost-benefit analysis of Ohio’s state earned income tax credit, exploring the implications of proposals to make the credit refundable.