By Brian Quistorff. The new module for Synthetic Control Methods “synth_runner” helps conduct multiple estimations, inference, diagnostics, and generate visualizations of results.” The Synthetic Control Methodology (SCM) (Abadie and Gardeazabal, 2003, Abadie et al., 2010, hereafter ADH) is a data-drive approach to small-sample comparative case-studies for estimating … [Read more...] about The synth_runner Package: Utilities to Automate Synthetic Control Estimation Using synth
Economics
The 60% solution and the trillion dollar bill
I came across an astonishing mind blowing number in my commute to work the other day, while listening to Owen Barder (@owenbarder) interview with Michael Clemens (@m_clem) on this Development Drums podcast (highly recommended -end of infomercial). The number? 60 percent. Sixty percent of the difference between the income of a person in a developed country … [Read more...] about The 60% solution and the trillion dollar bill