Null hypothesis

Observation

Lag order

F-statistic

P value

Conclusion

LNPPI_t → LNQYJ_t

51

1

3.61883

0.0631

accept

LNQYJ_t → LNPPI_t

51

1

14.7861

0.0004

reject

LNPPI_t → LNQYJ_t

50

2

0.94621

0.3958

accept

LNQYJ_t → LNPPI_t

50

2

5.1057

0.01

reject

LNPPI_t → LNQYJ_t

49

3

1.33439

0.276

accept

LNQYJ_t → LNPPI_t

49

3

3.38919

0.0266

reject