Policy Evaluation and Economic Policy Advice
AbstractArguably, 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.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2700.
Length: 14 pages
Date of creation: Mar 2007
Date of revision:
Publication status: published in: AStA: Advances in Statistical Analysis, 2007, 91 (4), 379-389
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Other versions of this item:
- Christoph M. Schmidt, 2007. "Policy Evaluation and Economic Policy Advice," Ruhr Economic Papers, Rheinisch-WestfÃ¤lisches Institut fÃ¼r Wirtschaftsforschung, Ruhr-UniversitÃ¤t Bochum, UniversitÃ¤t Dortmund, UniversitÃ¤t Duisburg-Essen 0001, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-04-21 (All new papers)
- NEP-CBA-2007-04-21 (Central Banking)
- NEP-HPE-2007-04-21 (History & Philosophy of Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Schmidt, Christoph M. & Frondel, Manuel, 2002.
"The empirical assessment of technology differences: comparing the comparable,"
ZEW Discussion Papers, ZEW - Zentrum fÃ¼r EuropÃ¤ische Wirtschaftsforschung / Center for European Economic Research
02-63, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Manuel Frondel & Christoph M. Schmidt, 2006. "The Empirical Assessment of Technology Differences: Comparing the Comparable," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 186-192, February.
- Ravallion, Martin, 2005.
"Evaluating anti-poverty programs,"
Policy Research Working Paper Series
3625, The World Bank.
- Manski, C.F., 1992. "Identification Problems in the Social Sciences," Working papers, Wisconsin Madison - Social Systems 9217, Wisconsin Madison - Social Systems.
- Fertig, Michael & Schmidt, Christoph M. & Schneider, Hilmar, 2006.
"Active labor market policy in Germany--Is there a successful policy strategy?,"
Regional Science and Urban Economics, Elsevier,
Elsevier, vol. 36(3), pages 399-430, May.
- Fertig, Michael & Schmidt, Christoph M. & Schneider, Hilmar, 2002. "Active Labor Market Policy in Germany – Is There a Successful Policy Strategy?," IZA Discussion Papers 576, Institute for the Study of Labor (IZA).
- Richard Blundell & Monica Costa Dias, 2000. "Evaluation methods for non-experimental data," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 21(4), pages 427-468, January.
- Angrist, Joshua D, 1990.
"Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records,"
American Economic Review, American Economic Association,
American Economic Association, vol. 80(3), pages 313-36, June.
- Joshua Angrist, 1989. "Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records," Working Papers, Princeton University, Department of Economics, Industrial Relations Section. 631, Princeton University, Department of Economics, Industrial Relations Section..
- Jochen Kluve & Christoph M. Schmidt, 2002. "Can training and employment subsidies combat European unemployment?," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 17(35), pages 409-448, October.
- Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863 Elsevier.
- Heckman, James J. & Lalonde, Robert J. & Smith, Jeffrey A., 1999. "The economics and econometrics of active labor market programs," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 31, pages 1865-2097 Elsevier.
RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Political Economy > The Political Economy of the European Union > Economic Policy and Policy-Making in the European Union
- Joseph Mensah & Joseph R. Oppong & Christoph M. Schmidt, 2010.
"Ghana's national health insurance scheme in the context of the health MDGs: an empirical evaluation using propensity score matching,"
John Wiley & Sons, Ltd., vol. 19(S1), pages 95-106, September.
- Joseph Mensah & Joseph R. Oppong & Christoph M. Schmidt, 2009. "Ghana’s National Health Insurance Scheme in the Context of the Health MDGs – An Empirical Evaluation Using Propensity Score Matching," Ruhr Economic Papers, Rheinisch-WestfÃ¤lisches Institut fÃ¼r Wirtschaftsforschung, Ruhr-UniversitÃ¤t Bochum, UniversitÃ¤t Dortmund, UniversitÃ¤t Duisburg-Essen 0157, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
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