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Jointness of growth determinants: Reply to comments by Rodney Strachan, Eduardo Ley and Mark F.J. Steel

✍ Scribed by Gernot Doppelhofer; Melvyn Weeks

Publisher: John Wiley and Sons
Year: 2009
Tongue: English
Weight: 55 KB
Volume: 24
Category: Article
ISSN: 0883-7252
DOI: 10.1002/jae.1047

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✦ Synopsis

Abstract

This comment contrasts the jointness statistics proposed by Doppelhofer and Weeks (2009) with alternatives proposed by Strachan (2009) and Ley and Steel (2007). In contrast to the alternatives, our jointness statistic constitutes a formal test for dependence over the joint posterior distribution. The essential difference between our proposed measure and the alternatives is that our jointness measures uses the entire joint posterior distribution. We discuss differences in jointness, as well as inclusion and exclusion margins of the joint posterior distribution, and the impact on economic significance using the numerical examples given by Strachan (2009) and Ley and Steel (2009). Copyright © 2009 John Wiley & Sons, Ltd.

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Comments on ‘Jointness of growth determi

Comments on ‘Jointness of growth determinants’

✍ Eduardo Ley; Mark F. J. Steel 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 50 KB

## Abstract We consider the measures of jointness proposed by Doppelhofer and Weeks (2009) and Strachan (2009) in the context of variable selection. Using the general criteria suggested in Ley and Steel (2007), we identify some shortcomings of these measures, which are illustrated with empirically