How Effective is the Policy Modeling to Analyze and Solve Real Socio-Economic Problems?

12 Pages Posted: 1 Jun 2012

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Date Written: May 31, 2012

Abstract

This paper explores the effectiveness of policy modeling to analyze and solve real socio-economic problems. Additionally, this paper proposes a new section that needs to be included in the policy modeling studies. This new section will be called 'Policies Implementation'. The main objective to include the ‘policies implementation’ is based on propose clear, practical, suitable, realistic, and effective policies to solve partially or fully real socio-economic problems that affect on the society on different levels respectively. Finally, we propose a new index that is called ‘Effectiveness of Policies Implementation (EPI-index)’ to evaluate the effectiveness and capability of ‘policies implementation’ section.

Keywords: policy modeling, praxis of policy modeling, policy modeling research

JEL Classification: E65

Suggested Citation

Ruiz Estrada, Mario Arturo, How Effective is the Policy Modeling to Analyze and Solve Real Socio-Economic Problems? (May 31, 2012). Available at SSRN: https://ssrn.com/abstract=2071128 or http://dx.doi.org/10.2139/ssrn.2071128

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

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