Null hypothesis H0

Lag order

Chi-Sq

P

conclusion

ΔlnRFPI is not the Granger cause of DPR

1

0.1633

0.6862

not refuse

DPR is not the Granger cause of ΔlnRFPI

1

0.3196

0.5719

not refuse

ΔlnRFIA is not the Granger cause of DPR

4

0.4235

0.9805

not refuse

DPR is not the Granger cause of ΔlnRFIA

4

46.9305

0.0000

refuse

ΔlnRFPIP is not the Granger cause of DPR

1

0.1733

0.6772

not refuse

DPR is not the Granger cause of ΔlnRFPIP

1

0.3410

0.5593

not refuse

ΔlnRFIAP is not the Granger cause of DPR

4

0.4265

0.9802

not refuse

DPR is not the Granger cause of ΔlnRFIAP

4

46.7603

0.0000

refuse

ΔluU is not the Granger cause of DPR

3

1.3267

0.7228

not refuse

DPR is not the Granger cause of ΔluU

3

14.1252

0.0027

refuse

ΔlnRFPI is not the Granger cause of DPPR

1

0.1375

0.7108

not refuse

DPPR is not the Granger cause of ΔlnRFPI

1

0.2793

0.5856

not refuse

ΔlnRFIA is not the Granger cause of DPPR

4

0.4210

0.9807

not refuse

DPPR is not the Granger cause of ΔlnRFIA

4

46.4839

0.0000

refuse

ΔlnRFPIP is not the Granger cause of DPPR

1

0.1481

0.7003

not refuse

DPPR is not the Granger cause of ΔlnRFPIP

1

0.3232

0.5697

not refuse