Luigi Moretti
University of Bologna



(Tuesday, 17th May 2016)

Title : Measuring the effects of institutions on economic performance with the Synthetic Control Method

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A growing number of interesting contributions estimate the effects of reforms and institutional changes on economic outcomes using the Synthetic Control Method for causal inference in the context of comparative case-studies. In this workshop, we are going to: i) present the methodology; ii) review a selection of recent contributions, with a focus on the economic impact of EU institutions; iii) discuss the differences between the Synthetic Control Method and other methodologies as well as the conditions for potential prospective applications.

Bibliographical references :

Must read reference : Abadie A., A. Diamond, J. Hainmueller (2015). "Comparative Politics and the Synthetic Control Method". American Journal of Political Science, 59(2), 495–510.

Acemoglu D., S. Johnson, A. Kermani , J. Kwak, T. Mitton (forthcoming). “The Value of Connections in Turbulent Times: Evidence from the United States”, Journal of Financial Economics.

Billmeier A., T. Nannicini (2013). "Assessing Economic Liberalization Episodes: A Synthetic Control Approach". Review of Economics and Statistics, 95, 983-1001.

Campos N., F. Coricelli, L. Moretti (2015). "Norwegian Rhapsody? The Political Economy Benefits of Regional Integration". C.E.P.R. Discussion Paper no. 10653, Centre for Economic Policy Research, London.

CNRS Chaire GovReg Europe