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The Effects of Life Expectancy on Fiji's Output: A Time Series Approach from 1970 to 2002

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Author Info

  • B Bhaskara Rao

    (University of the South Pacific)

  • Fozia Nisha

    (University of the South Pacific)

  • Biman C Prasad

    (University of the South Pacific)

Abstract

Compared to several cross-country studies on the determinants of growth, time series approaches are relatively few and limited in scope. However, time series studies are useful for country-specific policies. But in the recent time series works, with a few exceptions, ad hoc specifications of output and growth equations are used. This paper examines the specification and estimation issues in the time series approach to the determinants of output. Our approach is used to measure the effects of health on the output of Fiji for the period 1970 to 2002.

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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0511010.

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Length: 22 pages
Date of creation: 10 Nov 2005
Date of revision:
Handle: RePEc:wpa:wuwpma:0511010

Note: Type of Document - pdf; pages: 22
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Web page: http://128.118.178.162

Related research

Keywords: The Solow Growth Model; Production Function; General to Specific Approach; Effects of Health on Output.;

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  1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
  2. Durlauf, Steven N. & Johnson, Paul A. & Temple, Jonathan R.W., 2005. "Growth Econometrics," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 8, pages 555-677 Elsevier.
  3. Hendry, David F & Doornik, Jurgen A, 1994. "Modelling Linear Dynamic Econometric Systems," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(1), pages 1-33, February.
  4. Caselli, Francesco, 2004. "Accounting for Cross-Country Income Differences," CEPR Discussion Papers 4703, C.E.P.R. Discussion Papers.
  5. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
  6. Pesaran, M.H., 1992. "A Generalised R2 Criterion for Regression Models Estimated by the Instrumental Variable Method," Cambridge Working Papers in Economics 9220, Faculty of Economics, University of Cambridge.
  7. Bloom, David E. & Canning, David & Sevilla, Jaypee, 2004. "The Effect of Health on Economic Growth: A Production Function Approach," World Development, Elsevier, vol. 32(1), pages 1-13, January.
  8. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
  9. Ole Olesen & N. Petersen, 2003. "Introduction," Journal of Productivity Analysis, Springer, vol. 20(3), pages 237-241, November.
  10. Young, Alwyn, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 641-80, August.
  11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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