| Null Hypothesis | Results | |
| F-Statistics | Probability | |
| TOP does not granger cause GDP | 3.1427 | 0.6314 |
| GDP does not granger cause TOP | 0.4421 | 0.0213 |
| CIT does not granger cause GDP | 4.1982 | 0.5268 |
| GDP does not granger cause CIT | 0.5231 | 0.0314 |
| CED does not granger cause GDP | 3.4217 | 0.0458 |
| GDP does not granger cause CIT | 0.0263 | 0.0293 |
| PIT does not granger cause GDP | 4.9786 | 0.0507 |
| GDP does not granger cause PIT | 0.1197 | 0.0261 |
| PPT does not granger cause GDP | 3.1928 | 0.0162 |
| GDP does not granger cause PPT | 0.4316 | 0.0314 |