Null hypothesis

F Statistics

Short term

Medium term

Long-term

Lag2

Lag3

Lag5

Lag6

Lag11

Lag12

DEBT does not Granger Cause GDP

0.78715

(0.4559)

0.33865

(0.7974)

1.82185

(0.1106)

1.04341

(0.4006)

0.0000

(0.0000)

0.0000

(0.0000)

GDP does not Granger Cause DEBT

3.62534

(0.0276)

4.37247

(0.0050)

13.2832

(5.E-11)

14.2219

(3.E-12)

0.0000

(0.0000)

0.0000

(0.0000)