Null hypothesis

Obs

F-statistic

Prob.

IR does not Granger Cause RGDP

34

2.29338

0.1401

RGDP does not Granger Cause IR

3.06527

0.0899

INF does not Granger Cause RGDP

39

0.08306

0.7748

RGDP does not Granger Cause INF

0.02784

0.8684

IGDP does not Granger Cause RGDP

39

0.18172

0.6724

RGDP does not Granger Cause IGDP

12.9307

0.0010^*

GC does not Granger Cause RGDP

39

0.00098

0.9753

RGDP does not Granger Cause GC

0.33476

0.5665

BP does not Granger Cause RGDP

39

0.20578

0.6528

RGDP does not Granger Cause BP

8.59668

0.0058^*

INF does not Granger Cause IR

34

1.43732

0.2397

IR does not Granger Cause INF

5.41432

0.0267^*

IGDP does not Granger Cause IR

34

0.87213

0.3576

IR does not Granger Cause IGDP

14.7708

0.0006^*

GC does not Granger Cause IR

34

0.07644

0.7840

IR does not Granger Cause GC

0.81239

0.3744

BP does not Granger Cause IR

34

1.09675

0.3031

IR does not Granger Cause BP

14.9941

0.0005^*

IGDP does not Granger Cause INF

39

1.41959

0.2413

INF does not Granger Cause IGDP

0.01917

0.8906

GC does not Granger Cause INF

39

0.10038

0.7532

INF does not Granger Cause GC

0.17151

0.6812

BP does not Granger Cause INF

39

4.33017

0.0446^*

INF does not Granger Cause BP

12.8014

0.0010^*

GC does not Granger Cause IGDP

39

0.88475

0.3532

IGDP does not Granger Cause GC

0.63434

0.4310

BP does not Granger Cause IGDP

39

5.6E−05

0.9941

IGDP does not Granger Cause BP

3.92237

0.0553^*

BP does not Granger Cause GC

39

2.13249

0.1529

GC does not Granger Cause BP

0.23452

0.6311