Temporal causality and the dynamics of judicial appellate caseload, real income and socio-economic complexity in Australia
Abstract:This study applies Granger causality tests within a multivariate error correction framework to examine the relationship between judicial caseload, real income and urbanization for Australia using annual data from 1904 to 2001. Decomposition of variance and impulse response functions are also considered. The Granger causality results as well as the decomposition of variance and impulse response functions suggest that urbanization is the most exogenous of the three variables in both the long run and short run while judicial caseload and real income are relatively exogenous in the short run.
Document Type: Research Article
Affiliations: 1: Department of Accounting, Finance and Economics, Griffith University, Australia 2: Department of Economics, Monash University, 900 Dandenong Road, Caulfield East 3145, Victoria, Australia
Publication date: October 20, 2006