I am a freshman to research. I intend to evaluate the impact of China's policies in house market. I want to find a proper measure of the intensity of these measures. You know, the government will expand the scope of application and gradually, and it may even issue a document just for accentuating polices that have been launched.
So, I feel confused how to measure the intensity of these polices. I can just calculate the cumulative effect of polices(by the quantity of policies) and normalize it between 0 and 1. But this method simply assumes same weight of each policy, which is unrealistic and may omit some important info. Is there some more appropriate methods to measure, or some papers I can refer to?
Excuse my poor English..
Thanks for suggestions.