What are Some Challenges in Policy Analysis? Omitted Variable |【Five Minute Econometrics】Topic 66
Автор: Dr. Bob Wen (Stata, Economics, Econometrics)
Загружено: 2026-02-04
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【Five Minute Econometrics】(Econometric Tutorials)
Topic 66: What are Some Challenges in Policy Analysis and Program Evaluation? Part One: Omitted Variable Bias and a Typical Example.
Hi, I'm Bob. Welcome back to Five Minute Econometrics, a course dedicated to fundamental econometric concepts and estimation methods. Over the past few days, we've examined how to use a dummy explanatory variable in a model to indicate the implementation of a policy. We estimated the model using OLS to uncover the causal effect, or the ceteris paribus impact, of that policy. Today, we'll explore several challenges that arise in policy analysis and program evaluation when we attempt to establish a causal relationship between a policy and its outcome, as well as the methods used to address these challenges.
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