Temporal causality and the dynamics of democracy, emigration and real income in Fiji

Type Journal Article - International Review of Applied Economics
Title Temporal causality and the dynamics of democracy, emigration and real income in Fiji
Author(s)
Volume 19
Issue 2
Publication (Day/Month/Year) 2007
Page numbers 245-261
URL http://www.tandfonline.com/doi/abs/10.1080/02692170500031356
Abstract
This study is the first to explore temporal causality between democracy, emigration and real income in Fiji within a multivariate cointegration model. We find three long run relationships between democracy, emigration and real income. In the long run there is evidence that migration and democracy Granger cause real GDP in Fiji; real GDP and democracy Granger cause migration from Fiji and that real GDP and migration Granger cause democracy in Fiji. In the short run we find unidirectional Granger causality running from migration to real GDP and from democracy to real GDP, but neutrality between democracy and migration in the short run. We also extend the analysis to examine the degree of exogeneity of the variables beyond the sample period through considering the decomposition of variance and impulse response functions.

Related studies

»