Algeria’s Trade with GAFTA Countries: A Synthetic Control Approach

Impact of European Union–U.S. Organic Equivalency Arrangement on U.S. Exports

“…The method involves constructing a valid comparison group of countries to the EU with a good fit in the pretreatment trends. It has been employed to answer many policy questions including trade(Hosny 2012;Billmeier and Nannicini 2013;Bohn, Lofstrom, and Raphael 2014;Heilmann 2015), environmental(Barone and Mocetti 2014;Munasib and Rickman 2015), and health-related issues(Wang 2015;Qian et al 2016). To examine trade-related policies,Bohn, Lofstrom and Raphael (2014) use the synthetic control method to select a comparable state to Arizona and investigate the impact of the Legal Arizona Workers Act (LAWA) on the state's demographics Billmeier and Nannicini (2013).…”

The Impact of Trade Agreements in Latin America using the Synthetic Control Method

“…SCM provides a systematic way of choosing comparison units in comparative studies as the choice of comparison unit is a data driven procedure. As highlighted in Hosny (2012), SCM is close in spirit to the matching estimators and difference-in-differences models, but rest on weaker identification assumptions that allows the effects of unobserved confounders to vary with time. SCMs create synthetic (artificial) control or comparison units based on their similarity to the treated country before the treatment actually takes place.…”

The impact of the Brexit vote on UK financial markets: a synthetic control method approach

“…As far as we know, this paper is first to analyse the impact of the Brexit vote on UK financial market using SCM. Our paper relates to the analysis of macroeconomic experiments at the aggregate level Billmeier & Nannicini (2013), Gathani, Santini, & Stoelinga (2013) and Hosny (2012) and the literature on employing the synthetic control method. From the outset, we would like to stress that we are not testing a model of the UK economy.…”