Title: THE REVIEW OF ANEW METHODOLOGY FOR MEASURING THE IMPACT OF GOVERNMENT POLICIES&PROGRAMS
Authors:
KAYODE AUDU
Abstract:
The paper presents an innovative framework for evaluating long-term policy impacts, addressing limitations of traditional econometric methods such as the Chow Test. Using a distributed lag model, the original study examines the effects of education policies on Gross National Income (GNI) per capita by incorporating lagged values for school enrollments and government expenditure. Additionally, structural change detection reveals significant shifts in GNI between 1970 and 2018 in Mexico and Nigeria. A regression analysis using dummy variables evaluates the impact of 45 policies on unemployment rates. The methodology provides a comprehensive tool for assessing national policies over extended periods, offering precise insights for both past evaluations and future policy development, contributing to advancements in development economics.
Keywords: Economic Development, Methodology, Policy Evaluation.
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