Economic Policy Applications Utilizing the Survival Analysis Approach
Eyal Ronen （ Hebrew University of Jerusalem, Israel ）
https://doi.org/10.37155/2972-4813-gep0304-3Abstract
While its origins lie in clinical research, survival analysis has emerged in years as a valuable tool for policymakers to evaluate the effectiveness of government interventions across diverse economic domains, including the political economy, industrial organization, social policies, and international trade. This comprehensive literature review explores the versatility of survival analysis in these sectors, showcasing its ability to provide policymakers with insights into the potential consequences of their policy decisions. The review highlights the unique advantages of survival analysis in analyzing dynamic economic phenomena, particularly those involving the resilience of political regimes, economic sectors, firms, and their relationships. This ability to track the duration and likelihood of various outcomes has enabled policymakers to understand the impact of government interventions on economic stability, competitiveness, and social well-being. Specifically, survival analysis has proven instrumental in examining the effectiveness of financial policies, the impact of social interventions on economic cohesion and poverty reduction, and the consequences of trade agreements on market access and firm performance. The review emphasizes the importance of employing survival analysis methodologies to inform evidence-based policymaking, enabling policymakers to make informed decisions that promote sustainable economic growth, social equity, and global trade stability. Overall, the review concludes that survival analysis is a powerful tool for policymakers seeking to navigate the complexities of the interconnected global economy and shape policies that foster long-term prosperity.
Keywords
Economic policy; Firm competitiveness; Global value chains; Industrial organization; Literature review; Political economy; Survival analysis; Trade agreementsFull Text
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Publishing time:2025-12-30
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