Panel data approach vs synthetic control method

Shui Ki WAN*, Yimeng Xie, Cheng Hsiao

*Corresponding author for this work

    Research output: Contribution to journalJournal articlepeer-review

    31 Citations (Scopus)
    43 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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