Lag Order

Null Hypothesis

F-Statistic

Probability

Conclusion

4

LEX does not Granger Cause LFR

2.2311

0.1087

Reject

4

LFR does not Granger Cause LEX

1.64578

0.2088

Accept

4

LIM does not Granger Cause LFR

5.75628

0.0041

Reject

4

LFR does not Granger Cause LIM

0.7266

0.5859

Accept

2

LFDI does not Granger Cause LFR

2.59461

0.0869

Reject

2

LFR does not Granger Cause LFDI

3.37093

0.0333

Reject

4

LDEB does not Granger Cause LFR

0.69253

0.6073

Accept

4

LFR does not Granger Cause LDEB

1.14371

0.3696

Accept

4

LGDP does not Granger Cause LFR

2.32937

0.0977

Reject

4

LFR does not Granger Cause LGDP

2.75747

0.0619

Reject