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An Introduction to the Econometrics of Program Evaluation

  • Giovanni Cerulli
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 49)

Abstract

It is common practice for policymakers to perform ex post evaluation of the impact of economic and social programs via evidence-based statistical analysis. This effort is mainly devoted to measure the “causal effects” of an intervention on the part of an external authority (generally, a local or national government) on a set of subjects (people, companies, etc.) targeted by the program. Evidence-based evaluation is progressively becoming an integral part of many policies worldwide. The main motivation resides in the fact that, when a public authority chooses to support private entities by costly interventions, a responsibility towards taxpayers is assumed. This commitment, constitutionally recognized in several countries, draws upon the principle that, since many alternative uses of the same amount of money are generally possible, any misuse of it is seen as waste, especially under severe budget constraints.

Keywords

Ordinary Little Square Program Evaluation Binary Treatment Average Treatment Effect Conditional Independence Assumption 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  • Giovanni Cerulli
    • 1
  1. 1.Research Institute on Sustainable Economic GrowthCNR-IRCrES National Research Council of ItalyRomaItaly

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