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ECONOMICS AND IMPACT ASSESSMENT: CETERIS PARIBUS OR MUTATIS MUTANDIS
Author(s) -
Mason Thomas W.
Publication year - 1988
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.1988.tb00926.x
Subject(s) - ceteris paribus , economics , variable (mathematics) , public economics , constant (computer programming) , econometrics , macroeconomics , microeconomics , computer science , mathematics , mathematical analysis , programming language
Economic theory frequently uses ceteris paribus assumptions to hold complicating variables constant to analyze the effect of one variable on another. Policy‐makers must consider effects of policies with other things changing as they will (i.e., mutatis mutandis). Impact assessment can recon‐ cile the often narrow approach of economic analysis and the need for broad consideration of implications. The methods of impact assessment can pro‐ vide a proper place for economic analysis in policy assessment and help to assure that a broad range of impacts are included to determine the economic effects of events and decisions.