Using Synthetic Controls: Feasibility, Data Requirements, and Methodological Aspects

Probably because of their interpretability and transparent nature, synthetic controls have become widely applied in empirical research economics the social sciences. This article aims to provide practical guidance researchers employing control methods. The starts with an overview introduction estimation. main sections discuss advantages framework as a design, describe settings where reliable estimates those they may fail. closes discussion recent extensions, related methods, avenues for future research. (JEL B41, C32, C54, E23, F15, O47)