Null Hypothesis:

F-Statistic

Probability

Result

lnTOUR does not Granger Cause lnGDP

3.3108

0.0711*

Significant

lnGDP does not Granger Cause lnTOUR

0.8375

0.5066

Non-Significant

lnEXR does not Granger Cause lnGDP

1.4273

0.2979

Non-Significant

lnGDP does not Granger Cause lnEXR

2.9714

0.0895*

Significant

lnEXR does not Granger Cause lnTOUR

3.1419

0.0796*

Significant

lnTOUR does not Granger Cause lnEXR

1.0225

0.4274

Non-Significant