How Effective is the Policy Modeling to Analyze and Solve Real Socio-Economic Problems?
12 Pages Posted: 1 Jun 2012
Date Written: May 31, 2012
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: Suggested Citation