What counterfactual methods could be applied to infer causal relationships for observed trends?
Background
The Industrial Strategy is not a statement of policy at a single point in time, but a live strategy that will evolve and respond to economic, technical, and societal changes over the next decade. Effective ongoing M&E will be essential to learning the lessons from implementation and evolving the strategy in response to delivery progress and relevant developments in the UK and global economy.
Next steps
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Research fields
Related UKRI funded projects
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BEIS Secondment to ISC 2020: Market Structures and the Industrial Strategy
PROPOSED SECONDMENT ACTIVITIES Activities and justification: - Provide expertise in industrial organization and macroeconomics to aid the BEIS Industrial Strategy Council research team. - Develop academic research towa...
Funded by: ESRC
Lead research organisation: University of Kent
Why might this be relevant?
The project focuses on using data/econometric/statistical analysis to aid evidence-based policy, which is relevant to inferring causal relationships for observed trends.