Sample: 1990-2018

Lags: 2

Null Hypothesis:

Obs

F-Statistic

Prob.

LNAID does not Granger Cause LNHDI

27

0.09067

0.9137

LNHDI does not Granger Cause LNAID

3.32207

0.0549

LNFDI does not Granger Cause LNHDI

27

2.71386

0.0884

LNHDI does not Granger Cause LNFDI

1.01304

0.3794

LNFDI does not Granger Cause LNAID

27

0.05257

0.9489

LNAID does not Granger Cause LNFDI

0.16300

0.8506