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Comments on ‘Jointness of growth determinants’
Author(s) -
Ley Eduardo,
Steel Mark F. J.
Publication year - 2009
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/jae.1049
Subject(s) - context (archaeology) , selection (genetic algorithm) , economics , econometrics , measure (data warehouse) , variable (mathematics) , positive economics , psychology , computer science , mathematics , data mining , artificial intelligence , history , archaeology , mathematical analysis
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 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). Copyright © 2009 John Wiley & Sons, Ltd.