Null hypotheses of causality in the sense of Granger

F-Statistics

Probability

LGDPG does not cause LCE

8.4123

0.0013

LCE does not cause LGDPG

0.1550

0.8570

LGDPH does not cause LCE

6.5390

0.0044

LCE does not cause LGDPH

0.5059

0.6080

LGDPT does not cause LCE

6.5845

0.0044

LCE does not cause LPIBT

0.5311

0.5935

LPO does not cause LCE

1.6311

0.2126

LCE does not cause LPO

0.2256

0.7994

LH does not cause LCE

2.6235

0.0891

LCE does not cause LH

0.6832

0.5127

LS does not cause LCE

0.0022

0.9977

LCE does not cause LS

6.4619

0.0046