| Dependent variable: D(GDP) | The Null Hypothesis | |||
| Excluded | Chi-squared statistic | Degree of Freedom | P-value | |
| D (Currency in Circulation) | 29.84281 | 3 | 0.0000 | Refuse |
| D (Credit & Debit Card Transactions) | 1.790837 | 3 | 0.6169 | Accept |
| D (Internet Based Financial Transactions) | 11.55687 | 3 | 0.0091 | Refuse |
| All | 77.74097 | 9 | 0.0000 | Refuse |