Panel data approach vs synthetic control method

Shui Ki WAN*, Yimeng Xie, Cheng Hsiao

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)
6 Downloads (Pure)


We explore the pros and cons of two counterfactual analysis methodologies –the panel data approach (PDA) and the synthetic control method (SCM) through a discussion of the differences in their underlying assumptions and a series of simulations.

Original languageEnglish
Pages (from-to)121-123
Number of pages3
JournalEconomics Letters
Publication statusPublished - Mar 2018

Scopus Subject Areas

  • Finance
  • Economics and Econometrics

User-Defined Keywords

  • Counterfactual analysis
  • Panel data approach
  • Synthetic control


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