Null hypothesis |
|
| Prob. value | Decision |
LNRGDP LNROA | 27.34753*** | 5.20426*** | 0.0000 | Unidirectional causality from RGDP to ROA |
LNROA LNRGDP | 1.09986 | −0.67004 | 0.5028 | |
LN INF LNROA | 33.23001*** | 12.03100*** | 0.0000 | Unidirectional causality from INF to ROA |
LNROA_ LN INF | 1.71597 | −0.48521 | 0.6275 | |
LNNPL LNROA | 8.11675* | 1.53503* | 0.0826 | Unidirectional causality from NPL to ROA |
LNROA LNNPL | 5.90173 | 0.67052 | 0.6948 | |
LNNI LNROA | 5.94369 | 0.78311 | 0.4336 | No causality |
LNROA LNNI | 4.25826 | 0.27748 | 0.7814 | |
LNBS LNROA | 15.84145* | 3.75244* | 0.0518 | Unidirectional causality from BS to ROA |
LNROA LNBS | 5.77474 | 0.73242 | 0.4639 | |
LNRTL LNROA | 77.6768*** | 22.3030*** | 0.0000 | Bidirectional causality between RTL and ROA |
LNROA LNRTL | 20.9000*** | 5.27000*** | 0.0000 | |
LNINF LNRGDP | 44.7872*** | 12.4362*** | 0.0000 | Unidirectional causality from INF to RGDP |
LNRGDP LN INF | 1.67605 | −0.49719 | 0.6191 | |
LNNPL LNRGDP | 2.21130 | −0.33661 | 0.7364 | No causality |
LNRGDP LNNPL | 5.04306 | 0.51292 | 0.6080 | |
LNNI LNRGDP | 5.39770 | 0.61931 | 0.5357 | No causality |
LNRGDP LNNI | 5.25524 | 0.57657 | 0.5642 | |
LNBS LNRGDP | 6.41069 | 0.92321 | 0.3559 | No causality |
LNRGDP LNBS | 3.09129 | −0.07261 | 0.9421 | |
LNRTL LNRGDP | 1.40673 | −0.57798 | 0.5633 | No causality |
LNRGDP LNRTL | 2.89063 | −0.13281 | 0.8943 |