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Description of synthetic control method. |
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{{Short description|Type of statistical data method}}
[[File:SCMGermany.png|thumb|right|Comparison of
The '''synthetic control method''' is an econometric method used to evaluate the effect of large-scale interventions. It was proposed in a series of articles by [[Alberto Abadie]] and his coauthors.<ref name=":0">{{Cite journal |last=Abadie |first=Alberto |last2=Gardeazabal |first2=Javier |date=2003 |title=The Economic Costs of Conflict: A Case Study of the Basque Country |url=https://pubs.aeaweb.org/doi/10.1257/000282803321455188 |journal=American Economic Review |language=en |volume=93 |issue=1 |pages=113–132 |doi=10.1257/000282803321455188 |issn=0002-8282}}</ref><ref>{{Cite journal |last=Abadie |first=Alberto |last2=Diamond |first2=Alexis |last3=Hainmueller |first3=Jens |date=2010 |title=Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program |url=http://www.tandfonline.com/doi/abs/10.1198/jasa.2009.ap08746 |journal=Journal of the American Statistical Association |language=en |volume=105 |issue=490 |pages=493–505 |doi=10.1198/jasa.2009.ap08746 |issn=0162-1459}}</ref><ref name=":1">{{Cite journal |last=Abadie |first=Alberto |date=2021 |title=Using Synthetic Controls: Feasibility, Data Requirements, and Methodological Aspects |journal=Journal of Economic Literature |language=en |volume=59 |issue=2 |pages=391–425 |doi=10.1257/jel.20191450 |issn=0022-0515 |doi-access=free |hdl-access=free |hdl=1721.1/144417}}</ref> A synthetic control is a weighted average of several units (such as regions or companies) combined to recreate the trajectory that the outcome of a treated unit would have followed in the absence of the intervention. The weights are selected in a data-driven manner to ensure that the resulting synthetic control closely resembles the treated unit in terms of key predictors of the outcome variable.<ref name=":0" /> Unlike [[difference in differences]] approaches, this method can account for the effects of [[confounder]]s changing over time, by weighting the control group to better match the treatment group before the intervention.<ref name=he>{{cite journal|last1=Kreif|first1=Noémi|last2=Grieve|first2=Richard|last3=Hangartner|first3=Dominik|last4=Turner|first4=Alex James|last5=Nikolova|first5=Silviya|last6=Sutton|first6=Matt|title=Examination of the Synthetic Control Method for Evaluating Health Policies with Multiple Treated Units|journal=Health Economics|date=December 2016|volume=25|issue=12|pages=1514–1528|doi=10.1002/hec.3258|pmid=26443693|pmc=5111584}}</ref> Another advantage of the synthetic control method is that it allows researchers to systematically select comparison groups. It has been applied to the fields of [[economics]],<ref>{{cite journal |last1=Billmeier |first1=Andreas |last2=Nannicini |first2=Tommaso |date=July 2013 |title=Assessing Economic Liberalization Episodes: A Synthetic Control Approach |journal=Review of Economics and Statistics |volume=95 |issue=3 |pages=983–1001 |doi=10.1162/REST_a_00324 |s2cid=57561957}}</ref> [[political science]],<ref name="ajps" /> [[health policy]],<ref name="he" /> [[criminology]],<ref>{{cite journal|last1=Saunders|first1=Jessica|last2=Lundberg|first2=Russell|last3=Braga|first3=Anthony A.|last4=Ridgeway|first4=Greg|last5=Miles|first5=Jeremy|title=A Synthetic Control Approach to Evaluating Place-Based Crime Interventions|journal=Journal of Quantitative Criminology|date=3 June 2014|volume=31|issue=3|pages=413–434|doi=10.1007/s10940-014-9226-5|s2cid=254702864 }}</ref> and others.
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