Null Hypothesis

Obs

F-Statistic

Prob.

LNCI does not Granger Cause LNDRR

230

3.109

0.016

LNDRR does not Granger Cause LNCI

1.621

0.170

LNECI does not Granger Cause LNDRR

230

4.302

0.002

LNDRR does not Granger Cause LNECI

1.532

0.194

LNCCI does not Granger Cause LNDRR

230

6.064

0.000

LNDRR does not Granger Cause LNCCI

1.015

0.400

LNMCI does not Granger Cause LNDRR

230

2.321

0.058

LNDRR does not Granger Cause LNMCI

1.362

0.248

LNGCI does not Granger Cause LNDRR

230

2.717

0.031

LNDRR does not Granger Cause LNGCI

0.981

0.419

LNOCI does not Granger Cause LNDRR

230

1.627

0.169

LNDRR does not Granger Cause LNOCI

0.781

0.538

LNSCI does not Granger Cause LNDRR

230

1.843

0.122

LNDRR does not Granger Cause LNSCI

0.703

0.591

LNCI does not Granger Cause NCS

225

1.038

0.411

NCS does not Granger Cause LNCI

0.799

0.617

LNECI does not Granger Cause NCS

225

1.024

0.422

NCS does not Granger Cause LNECI

1.116

0.353

LNCCI does not Granger Cause NCS

225

0.626

0.774

NCS does not Granger Cause LNCCI

0.720

0.690

LNMCI does not Granger Cause NCS

225

1.317

0.229

NCS does not Granger Cause LNMCI

1.124

0.347

LNGCI does not Granger Cause NCS

225

1.823

0.066

NCS does not Granger Cause LNGCI

0.381

0.944

LNOCI does not Granger Cause NCS

225

1.152

0.328

NCS does not Granger Cause LNOCI

0.667

0.739

LNSCI does not Granger Cause NCS

225

0.159

0.998

NCS does not Granger Cause LNSCI

1.374

0.202

LNCI does not Granger Cause LNIBOR

233

7.092

0.008

LNIBOR does not Granger Cause LNCI

7.861

0.006

LNECI does not Granger Cause LNIBOR

233

0.153

0.696

LNIBOR does not Granger Cause LNECI

3.695

0.056

LNCCI does not Granger Cause LNIBOR

233

1.390

0.240

LNIBOR does not Granger Cause LNCCI

4.819

0.029

LNMCI does not Granger Cause LNIBOR

233

7.150

0.008

LNIBOR does not Granger Cause LNMCI

7.953

0.005

LNGCI does not Granger Cause LNIBOR

233

0.987

0.322

LNIBOR does not Granger Cause LNGCI

0.083

0.774

LNOCI does not Granger Cause LNIBOR

233

1.145

0.286

LNIBOR does not Granger Cause LNOCI

1.023

0.313

LNSCI does not Granger Cause LNIBOR

233

1.402

0.238

LNIBOR does not Granger Cause LNSCI

0.304

0.582

LNCI does not Granger Cause LNER

233

3.693

0.056

LNER does not Granger Cause LNCI

3.139

0.078

LNECI does not Granger Cause LNER

233

0.000

0.997

LNER does not Granger Cause LNECI

2.213

0.138

LNCCI does not Granger Cause LNER

233

3.443

0.065

LNER does not Granger Cause LNCCI

2.643

0.105

LNMCI does not Granger Cause LNER

233

2.033

0.155

LNER does not Granger Cause LNMCI

2.196

0.140

LNGCI does not Granger Cause LNER

233

0.059

0.808

LNER does not Granger Cause LNGCI

0.140

0.709

LNOCI does not Granger Cause LNER

233

0.759

0.384

LNER does not Granger Cause LNOCI

0.023

0.879

LNSCI does not Granger Cause LNER

233

0.057

0.811

LNER does not Granger Cause LNSCI

0.103

0.749

LNCI does not Granger Cause LNM0

230

2.026

0.092

LNM0 does not Granger Cause LNCI

0.567

0.687

LNECI does not Granger Cause LNM0

230

1.627

0.168

LNM0 does not Granger Cause LNECI

0.152

0.962

LNCCI does not Granger Cause LNM0

230

0.560

0.692

LNM0 does not Granger Cause LNCCI

1.953

0.103

LNMCI does not Granger Cause LNM0

230

2.108

0.081

LNM0 does not Granger Cause LNMCI

0.887

0.473

LNGCI does not Granger Cause LNM0

230

0.512

0.727

LNM0 does not Granger Cause LNGCI

1.795

0.131

LNOCI does not Granger Cause LNM0

230

0.373

0.828

LNM0 does not Granger Cause LNOCI

0.410

0.801

LNSCI does not Granger Cause LNM0

230

1.158

0.330

LNM0 does not Granger Cause LNSCI

1.613

0.172

LNCI does not Granger Cause LNM1

230

0.777

0.541

LNM1 does not Granger Cause LNCI

1.317

0.265

LNECI does not Granger Cause LNM1

230

1.369

0.246

LNM1 does not Granger Cause LNECI

1.425

0.227

LNCCI does not Granger Cause LNM1

230

1.802

0.129

LNM1 does not Granger Cause LNCCI

3.259

0.013

LNMCI does not Granger Cause LNM1

230

0.355

0.841

LNM1 does not Granger Cause LNMCI

1.129

0.344

LNGCI does not Granger Cause LNM1

230

2.366

0.054

LNM1 does not Granger Cause LNGCI

1.109

0.353

LNOCI does not Granger Cause LNM1

230

1.012

0.402

LNM1 does not Granger Cause LNOCI

1.462

0.215

LNSCI does not Granger Cause LNM1

230

4.039

0.004

LNM1 does not Granger Cause LNSCI

0.794

0.530

LNCI does not Granger Cause LNM2

230

3.405

0.010

LNM2 does not Granger Cause LNCI

0.964

0.428

LNECI does not Granger Cause LNM2

230

1.868

0.117

LNM2 does not Granger Cause LNECI

0.777

0.542

LNCCI does not Granger Cause LNM2

230

1.183

0.319

LNM2 does not Granger Cause LNCCI

2.327

0.057

LNMCI does not Granger Cause LNM2

230

3.568

0.008

LNM2 does not Granger Cause LNMCI

1.288

0.276

LNGCI does not Granger Cause LNM2

230

0.766

0.548

LNM2 does not Granger Cause LNGCI

0.950

0.436

LNOCI does not Granger Cause LNM2

230

0.537

0.709

LNM2 does not Granger Cause LNOCI

0.604

0.660

LNSCI does not Granger Cause LNM2

230

1.920

0.108

LNM2 does not Granger Cause LNSCI

0.975

0.422