Null Hypothesis

F-Statistic

Prob.

Decision

BHUTANFDI does not Granger Cause BHUTANGDPGR

1.21934

0.3507

Accept

BHUTANGDPGR does not Granger Cause BHUTANFDI

0.64607

0.669

Accept

ETHIOPIAFDI does not Granger Cause ETHIOPIAGDPGR

0.61132

0.5512

Accept

ETHIOPIAGDPGR does not Granger Cause ETHIOPIAFDI

0.38411

0.6853

Accept

INDIAFDI does not Granger Cause INDIAGDPGR

2.78778

0.0249

Reject

INDIAGDPGR does not Granger Cause INDIAFDI

4.35234

0.0824

Accept

BRAZILFDI does not Granger Cause BRAZILGDPGR

0.68818

0.5125

Accept

BRAZILGDPGR does not Granger Cause BRAZILFDI

0.65907

0.5268

Accept

UKFDI does not Granger Cause UKGDPGR

1.87352

0.1763

Accept

UKGDPGR does not Granger Cause UKFDI

1.53990

0.2357

Accept

USAFDI does not Granger Cause USAGDPGR

3.78199

0.038

Reject

USAGDPGR does not Granger Cause USAFDI

0.47705

0.6266

Accept