Comments on 'Jointness of Growth Determinants'

• Tác giả: Eduardo Ley
• Ngôn ngữ: eng
• Ký hiệu phân loại: 303.44 Growth and development
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 294631
• Chủ đề: 1. Econometric Modeling: General C500; 2. Measurement of Economic Growth; 3. Multiple or Simultaneous Equation Models: General C300; 4. Single Equation Models; 5. Single Variables: General C200

Tóm tắt

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 relevant example cases. We argue that careful examination of the properties of any jointness measure is critical before using it to inform decisions, and favour the use of the measures proposed in Ley and Steel (2007).