Direction of VECM Causality | ||||
Dependent Variables | Short run | Long run | ||
|
|
|
| |
| - | 10.937a (0.004) | 0.292 (0.863) | −0.106a (0.000) |
| 0.718 (0.698) | - | 7.983b (0.018) | −0.002 (0.824) |
| 0.508 (0.775) | 0.240 (0.886) | - | −3.42E−06 (0.922) |