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Concluding Comments

Published online by Cambridge University Press:  04 January 2017

Luke Keele ,
Suzanna Linn  and
Clayton McLaughlin Webb
Luke Keele*
Affiliation:
Department of Political Science, Pennsylvania State University, State College, PA 16802
Suzanna Linn
Affiliation:
Department of Political Science, Pennsylvania State University, State College, PA 16802, e-mail: slinn@la.psu.edu
Clayton McLaughlin Webb
Affiliation:
Department of Political Science, University of Kansas, Lawrence, KS 66049, e-mail: webb767@ku.edu
*
e-mail: ljk20.psu.edu (corresponding author)
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Abstract

This issue began as an exchange between Grant and Lebo (2016) and ourselves (Keele, Linn, and Webb 2016) about the utility of the general error correction model (GECM) in political science. The exchange evolved into a debate about Grant and Lebo's proposed alternative to the GECM and the utility of fractional integration methods (FIM). Esarey (2016) and Helgason (2016) weigh in on this part of the debate. Freeman (2016) offers his views on the exchange as well. In the end, the issue leaves readers with a lot to consider. In his comment, Freeman (2016) argues that the exchange has produced little significant progress because of the contributors' failures to consider a wide array of topics not directly related to the GECM or FIM. We are less pessimistic. In what follows, we distill what we believe are the most important elements of the exchange–the importance of balance, the costs and benefits of FIM, and the vagaries of pre-testing.

Type
Time Series Symposium
Information
Political Analysis , Volume 24 , Issue 1 , Winter 2016 , pp. 83 - 86
Copyright
Copyright © The Author 2016. Published by Oxford University Press on behalf of the Society for Political Methodology 

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References

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