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IR20-005_Albalate+Bel+Mazaira.pdf (1.18 MB)

Tipus de document

Document de treball

Data de publicació

2020

Llicència de publicació

cc-by-nc-nd, (c) Albalate et al., 2020
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/158714

Ensuring Stability, Accuracy and Meaningfulness in Synthetic Control Methods: The Regularized SHAP-Distance Method

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Resum

The synthetic control method (SCM) has been increasingly adopted to evaluate causal effects under quasi-experimental designs. However, SCM suffers from sound weaknesses that compromise its accuracy, stability and meaningfulness. The Regularized SHAP-distance synthetic control method (RSD-SCM) is proposed as solution. We evaluate the economic effect of the government formation deadlock in Spain, 2016. The deadlock did not negatively affect economic growth, as the economy grew 1.58% more without full government; standard SCM method overestimates the effect by 0.23 pp. We show that RSD-SCM offers higher accuracy and stability, while ensuring the economic meaningfulness of covariates used in building the counterfactual.

Matèries

Models economètrics, Control de gestió, Causalitat

Matèries (anglès)

Econometric models, Management audit, Causation

Citació

Col·leccions

Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citació

ALBALATE, Daniel, BEL I QUERALT, Germà and MAZAIRA-FONT, Ferran. Ensuring Stability, Accuracy and Meaningfulness in Synthetic Control Methods: The Regularized SHAP-Distance Method. IREA – Working Papers. 2020. Vol.  IR20/05. [consulted: 12 of August of 2026]. Available at: https://hdl.handle.net/2445/158714

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