Equation/Excluded |
| Statistics chi2 | Probability |
lnPIB | |||
lnCE | No Granger causality | 0.043 | 0.836 |
Institution | No Granger causality | 0.051 | 0.822 |
Interaction2 | No Granger causality | 0.077 | 0.782 |
ALL | No Granger causality | 2.337 | 0.886 |
lnCE | |||
lnPIB | No Granger causality | 0.045 | 0.833 |
Institution | No Granger causality | 0.114 | 0.736 |
Interaction2 | No Granger causality | 0.091 | 0.763 |
ALL | No Granger causality | 1.863 | 0.932 |
institution | |||
lnPIB | No Granger causality | 0.081 | 0.775 |
lnCE | No Granger causality | 0.633 | 0.426 |
Interaction2 | No Granger causality | 0.972 | 0.324 |
ALL | No Granger causality | 20.454 | 0.002 |
Interaction | |||
lnPIB | No Granger causality | 0.023 | 0.880 |
lnFBCF | No Granger causality | 0.000 | 0.995 |
lnCE | No Granger causality | 0.614 | 0.433 |
Institution | No Granger causality | 2.469 | 0.116 |
ALL | No Granger causality | 24.767 | 0.000 |