Pairwise Granger Causality Tests

Null Hypothesis:

Obs.

F-Statistic

Prob.

LNINF does not Granger Cause LNEXRDEP

26

1.07737

0.3824

LNEXRDEP does not Granger Cause LNINF

3.86186

0.0259

LNPWB does not Granger Cause LNEXRDEP

26

0.07079

0.9749

LNEXRDEP does not Granger Cause LNPWB

0.07690

0.9717

LNPWB does not Granger Cause LNINF

26

0.81295

0.5024

LNINF does not Granger Cause LNPWB

3.10529

0.0510