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Definition: Counterfactual
Category: R & D - Oslo Manual
In impact evaluation, the counterfactual refers to what would have happened to potential beneficiaries in the absence of an intervention. Impacts can thus be estimated as the difference between potential outcomes under observed and unobserved counterfactual treatments. http://ec.europa.eu/eurostat/ramon/statmanuals/files/Oslo_manual_2018_en.pdf
Source:
Organization for Economic Cooperation and Development (OECD) and Statistical Office of the European Communities (Eurostat), "Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation", Fourth Edition, Paris, 2018
Organization for Economic Cooperation and Development (OECD) and Statistical Office of the European Communities (Eurostat), "Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation", Fourth Edition, Paris, 2018
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