Synth: Synthetic Control Group Method for Comparative Case Studies
Implements the synthetic control group method for comparative case studies
as described in Abadie and Gardeazabal (2003) and Abadie, Diamond, and Hainmueller
(2010, 2011, 2014). The synthetic control method allows for effect estimation in
settings where a single unit (a state, country, firm, etc.) is exposed to an event
or intervention. It provides a data-driven procedure to construct synthetic control
units based on a weighted combination of comparison units that approximates the
characteristics of the unit that is exposed to the intervention. A combination of
comparison units often provides a better comparison for the unit exposed to the
intervention than any comparison unit alone.
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