Panel Data Approach vs. Synthetic Control Method
41 Pages Posted: 28 Nov 2017
Date Written: November 3, 2017
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
JEL Classification: C3, C5
Suggested Citation: Suggested Citation