is it possible to study the causal relationship between the objectives of economic policy (magic square of kaldor), and which model we can use it, and which model we can work by it.
referring to kaldor's article (1971) "Conflicts in National Economic Objectives"
who is the first person who draw the magic square, because in the kaldor's article he didn't explain the objectives within any square.
You can go through the paper
Socioeconomic and Environmental Performance: A Composite Index and Comparative Application to the USA and China
It's possible if you use VAR model first because this model is atheoritic, or you use Structural VAR but it need strong teoritical framework offcourse base on the journal articles.
Yes, It is possible to study the relationship between objectives of economic policy. Causality can be well judged by the VAR model as Helmi said..
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