How Effective is Policy Modeling in Analyzing and Solving Real Socioeconomic Problems?

ECO Revista Academica, Vol. 13, Pp. 1-19

94 Pages Posted: 10 Nov 2015

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

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

Date Written: November 8, 2015

Abstract

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

Keywords: policy modeling, proxy of policy modeling, policy modeling research

JEL Classification: Y2

Suggested Citation

Ruiz Estrada, Mario Arturo, How Effective is Policy Modeling in Analyzing and Solving Real Socioeconomic Problems? (November 8, 2015). ECO Revista Academica, Vol. 13, Pp. 1-19. Available at SSRN: https://ssrn.com/abstract=2687779

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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