Panel data approach vs synthetic control method

Shui Ki Wan; Yimeng Xie; Cheng Hsiao

doi:10.1016/j.econlet.2018.01.019

Panel data approach vs synthetic control method

Shui Ki Wan^*, Yimeng Xie, Cheng Hsiao

^*Corresponding author for this work

Department of Accountancy, Economics and Finance

Research output: Contribution to journal › Journal article › peer-review

33 Citations (Scopus)

62 Downloads (Pure)

Abstract

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 language	English
Pages (from-to)	121-123
Number of pages	3
Journal	Economics Letters
Volume	164
DOIs	https://doi.org/10.1016/j.econlet.2018.01.019
Publication status	Published - Mar 2018

User-Defined Keywords

Counterfactual analysis
Panel data approach
Synthetic control

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10.1016/j.econlet.2018.01.019

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title = "Panel data approach vs synthetic control method",

abstract = "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.",

keywords = "Counterfactual analysis, Panel data approach, Synthetic control",

author = "Wan, {Shui Ki} and Yimeng Xie and Cheng Hsiao",

note = "Funding Information: We would like to thank a referee and M.H. Pesaran and R. Smith for helpful comments. We also wish to acknowledge the financial support of China National Science Foundation grant # 71631004 . ",

year = "2018",

month = mar,

doi = "10.1016/j.econlet.2018.01.019",

language = "English",

volume = "164",

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journal = "Economics Letters",

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T1 - Panel data approach vs synthetic control method

AU - Wan, Shui Ki

AU - Xie, Yimeng

AU - Hsiao, Cheng

N1 - Funding Information: We would like to thank a referee and M.H. Pesaran and R. Smith for helpful comments. We also wish to acknowledge the financial support of China National Science Foundation grant # 71631004 .

PY - 2018/3

Y1 - 2018/3

N2 - 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.

AB - 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.

KW - Counterfactual analysis

KW - Panel data approach

KW - Synthetic control

UR - http://www.scopus.com/inward/record.url?scp=85044638295&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2018.01.019

DO - 10.1016/j.econlet.2018.01.019

M3 - Journal article

AN - SCOPUS:85044638295

SN - 0165-1765

VL - 164

SP - 121

EP - 123

JO - Economics Letters

JF - Economics Letters

ER -

Panel data approach vs synthetic control method

Abstract

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