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

Research output: Contribution to journal › Article › peer-review

26 Citations (Scopus)

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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

Scopus Subject Areas

Finance
Economics and Econometrics

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",

pages = "121--123",

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 - 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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