Policy Evaluation and Economic Policy Advice

Christoph Schmidt

No 2700, IZA Discussion Papers from IZA Network @ LISER

Abstract: Arguably, one of the most important developments in the field of applied economics during the last decades has been the emergence of systematic policy evaluation, with its distinct focus on the establishment of causality. By contrast to the natural sciences, the objects of our scientific interest typically exert some influence on their treatment status under the policy to be evaluated and on their economic outcomes. Thus, economic policy advice can only be successful, if it is based on an appropriate study design, experimental or observational. It will strive in societies that provide liberal access to data, accept the merits of randomized assignment and guard the independence of research institutions.

Keywords: policy advice; policy evaluation; applied economics; causality (search for similar items in EconPapers)
JEL-codes: A11 C01 H50 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2007-03
New Economics Papers: this item is included in nep-cba and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published - published in: AStA: Advances in Statistical Analysis, 2007, 91 (4), 379-389

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Related works:
Journal Article: Policy evaluation and economic policy advice (2007)
Working Paper: Policy Evaluation and Economic Policy Advice (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp2700

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