Public Economics
Effect sizes refer to the quantitative measure of the magnitude of a phenomenon or the strength of a relationship between variables. In the context of policy evaluation and impact assessment, effect sizes help researchers and policymakers understand how significant the impact of a specific intervention or policy is, allowing for comparison across studies and settings. Effect sizes are crucial for interpreting results, as they provide insight into not just whether an effect exists, but also how large that effect is in practical terms.
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