Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
965667 | Journal of Macroeconomics | 2007 | 18 Pages |
Abstract
We present a measure of jointness to explore dependence among regressors, in the context of Bayesian model selection. The jointness measure proposed here equals the posterior odds ratio between those models that include a set of variables and the models that only include proper subsets. We illustrate its application in cross-country growth regressions using two datasets from the model-averaging growth literature.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Eduardo Ley, Mark F.J. Steel,