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Quantitative, Non-Experimental Approaches to the Microeconomic Evaluation of Public Policy Measures - A Survey

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  • Max Keilbach

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Abstract

The objective of evaluating public policy measures is to assess its implications and thus to obtain a measure for weather the respective program has been successful. In this paper, we consider and classify microeconomic and microeconometric approaches to measuring this success. To do so, the evaluation problem is outlined and three estimation priciples are presented. For each of these, underlying assumptions are identified and the consequences of their violation discussed.

Suggested Citation

  • Max Keilbach, 2005. "Quantitative, Non-Experimental Approaches to the Microeconomic Evaluation of Public Policy Measures - A Survey," Papers on Entrepreneurship, Growth and Public Policy 2005-30, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  • Handle: RePEc:esi:egpdis:2005-30
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    File URL: ftp://papers.econ.mpg.de/egp/discussionpapers/2005-30.pdf
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    Cited by:

    1. Engel, Dirk & Keilbach, Max, 2007. "Firm-level implications of early stage venture capital investment -- An empirical investigation," Journal of Empirical Finance, Elsevier, vol. 14(2), pages 150-167, March.

    More about this item

    Keywords

    Evuluation Methods; Public Policy Measures; Microeconometrics;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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