Table 8.
Results of the Chuang et al. (2009) quantile causality for TFP.
| Country | Variable | [0.05,0.95] | [0.05,0.5] | [0.5,0.95] | [0.05,0.1] | [0.25,0.5] | [0.5,0.75] | [0.75,0.9] | [0.9,0.95] |
|---|---|---|---|---|---|---|---|---|---|
| Angola | EC | 11.45 [1]∗∗ | 6.82 [1] | 22.09 [9] | 6.18 [1] | 2.89 [1] | 2.16 [1] | 2.67 [1] | 21.97 [9] |
| CO2 | 18.64 [1]∗∗ | 20.23 [3]∗∗∗ | 29.11 [10]∗∗ | 20.23 [3]∗∗∗ | 17.82 [1]∗∗∗ | 40.00 [10]∗∗∗ | 29.10 [10]∗∗ | 23.84 [1]∗∗∗ | |
| Benin | EC | 24.50 [1]∗∗∗ | 22.13 [1]∗∗∗ | 16.33 [5] | 21.74 [1]∗∗∗ | 16.21 [6] | 17.16 [56]∗∗ | 10.75 [6]∗ | 16.40 [5] |
| CO2 | 27.54 [1]∗∗∗ | 28.24 [1]∗∗∗ | 11.96 [1]∗∗ | 28.80 [1]∗∗∗ | 25.44 [1]∗∗∗ | 7.52 [1]∗∗ | 3.55 [5] | 23.45 [5]∗∗∗ | |
| Botswana | EC | 13.72 [1]∗∗∗ | 13.83 [1]∗∗∗ | 16.62 [5] | 13.69 [1]∗∗∗ | 10.10 [1]∗∗ | 8.03 [1]∗∗ | 10.54 [1]∗∗ | 16.79 [5] |
| CO2 | 7.82 [1] | 35.85 [6]∗∗∗ | 3.65 [1] | 4.11 [5] | 17.58 [6]∗ | 10.53 [6] | 16.52 [6] | 3.64 [1] | |
| Cote d'Ivoire | EC | 9.08 [1]∗ | 9.19 [1]∗ | 3.18 [1] | 1.33 [1] | 20.00 [4]∗∗∗ | 4.48 [2] | 4.76 [2] | 3.18 [1] |
| CO2 | 7.92 [6] | 6.72 [6] | 3.46 [3] | 1.06 [1] | 2.90 [6] | 3.57 [6] | 2.29 [6] | 2.23 [3] | |
| Cameroon | EC | 35.13 [1]∗∗∗ | 3.67 [1] | 33.45 [1]∗∗∗ | 3.71 [1] | 0.99 [1] | 0.17 [1] | 0.65 [1] | 30.98 [1]∗∗∗ |
| CO2 | 47.87 [1]∗∗∗ | 11.90 [1]∗∗ | 49.07 [1]∗∗∗ | 7.53 [1] | 46.06 [3]∗∗∗ | 39.53 [6]∗∗∗ | 94.84 [6]∗∗∗ | 49.75 [1]∗∗∗ | |
| Gabon | EC | 8.18 [2] | 7.92 [2] | 5.62 [3] | 0.52 [1] | 3.87 [1] | 2.06 [1] | 1.01 [1] | 5.71 [3] |
| CO2 | 9.32 [1]∗∗ | 31.52 [6]∗∗∗ | 31.65 [6]∗∗∗ | 21.62 [4]∗∗ | 45.46 [2]∗∗∗ | 24.32 [6]∗∗∗ | 16.96 [6] | 1.76 [1] | |
| Kenya | EC | 9.20 [1]∗∗ | 9.61 [1]∗∗ | 10.28 [3] | 9.68 [1]∗∗ | 2.53 [1] | 9.62 [6] | 7.07 [6] | 11.29 [5] |
| CO2 | 10.23 [1]∗∗ | 4.18 [5] | 3.00 [1] | 4.05 [5] | 2.27 [5] | 3.29 [2] | 0.86 [1] | 3.09 [1] | |
| Morocco | EC | 16.76 [6] | 16.45 [6] | 5.88 [6] | 17.96 [2]∗∗∗ | 11.53 [5] | 5.98 [6] | 5.89 [6] | 6.01 [5] |
| CO2 | 12.26 [1]∗∗ | 12.35 [1]∗∗ | 2.21 [1] | 12.65 [1]∗∗ | 17.21 [4]∗∗ | 4.95 [10] | 2.22 [1] | 0.92 [1] | |
| Egypt | EC | 21.71 [1]∗∗∗ | 22.15 [1]∗∗∗ | 3.26 [1] | 3.59 [1] | 21.80 [1]∗∗∗ | 7.87 [1] | 1.69 [3] | 2.36 [1] |
| CO2 | 12.63 [1]∗∗ | 12.45 [1]∗∗ | 4.32 [1] | 1.91 [1] | 0.88 [2] | 3.95 [5] | 4.89 [5] | 3.46 [1] | |
| Mozambique | EC | 21.62 [5]∗∗ | 14.20 [1]∗∗∗ | 1.20 [1] | 43.74 [2]∗∗∗ | 8.82 [1] | 3.02 [1] | 0.27 [1] | 1.22 [1] |
| CO2 | 41.06 [1]∗∗∗ | 40.13 [1]∗∗∗ | 24.18 [1]∗∗∗ | 42.85 [1]∗∗∗ | 19.09 [5]∗∗ | 15.26 [2]∗∗ | 11.87 [2]∗ | 24.65 [1]∗∗∗ | |
| Nigeria | EC | 10.09 [5] | 9.45 [5] | 4.56 [1] | 10.91 [5] | 2.86 [4] | 3.41 [1] | 1.39 [2] | 4.56 [1] |
| CO2 | 4.53 [1] | 4.67 [1] | 28.17 [6]∗∗∗ | 4.69 [1] | 2.78 [1] | 0.54 [1] | 0.79 [1] | 28.75 [6]∗∗∗ | |
| Senegal | EC | 15.94 [1]∗∗∗ | 16.11 [1]∗∗∗ | 8.88 [3] | 16.41 [1]∗∗∗ | 3.61 [2] | 12.64 [1]∗∗ | 2.03 [5] | 9.06 [3] |
| CO2 | 22.72 [6]∗∗ | 7.54 [1] | 16.62 [6] | 7.45 [1] | 4.72 [1] | 3.91 [5] | 4.58 [6] | 17.67 [6] | |
| Togo | EC | 3.64 [1] | 3.75 [1] | 0.50 [1] | 3.74 [1] | 1.71 [1] | 1.84 [5] | 0.27 [1] | 0.96 [1] |
| CO2 | 13.86 [2]∗∗ | 18.12 [3]∗∗∗ | 14.16 [2]∗∗ | 20.26 [3]∗∗∗ | 6.65 [1] | 1.03 [1] | 6.66 [6] | 14.06 [2]∗∗ | |
| Tunisia | EC | 96.80 [6]∗∗∗ | 26.94 [6]∗∗∗ | 95.45 [6]∗∗∗ | 19.81 [5]∗∗ | 25.59 [6]∗∗∗ | 12.13 [6] | 23.74 [6]∗∗ | 75.05 [6]∗∗∗ |
| CO2 | 78.56 [2]∗∗∗ | 26.31 [2]∗∗∗ | 74.06 [2]∗∗∗ | 16.03 [6] | 8.85 [6] | 5.75 [2] | 21.39 [1]∗∗∗ | 51.56 [2]∗∗∗ | |
| Tanzania | EC | 12.28 [1]∗∗ | 12.36 [1]∗∗ | 2.83 [1] | 12.52 [1]∗∗ | 10.23 [1]∗∗ | 7.40 [1] | 1.27 [1] | 3.70 [1] |
| CO2 | 21.44 [6]∗ | 21.75 [6]∗ | 6.51 [3] | 12.79 [3] | 20.51 [2]∗∗∗ | 7.69 [6] | 3.96 [6] | 6.55 [3] | |
| South Africa | EC | 53.42 [10]∗∗∗ | 31.41 [10]∗∗ | 54.80 [10]∗∗∗ | 4.67 [2] | 14.46 [10] | 9.22 [10] | 12.37 [8] | 55.27 [9]∗∗∗ |
| CO2 | 22.50 [10] | 16.06 [10] | 23.10 [10] | 6.25 [1] | 9.96 [10] | 6.17 [10] | 9.71 [10] | 23.38 [10] | |
| Zimbabwe | EC | 11.68 [1]∗∗ | 1.36 [1] | 11.49 [1]∗∗ | 1.39 [1] | 7.75 [5] | 3.77 [4] | 11.79 [6] | 12.06 [1]∗∗ |
| CO2 | 26.70 [5]∗∗∗ | 13.37 [5] | 8.90 [1]∗ | 13.86 [5] | 12.81 [5] | 5.97 [5] | 11.93 [6] | 9.04 [1]∗ |
Notes: ∗∗∗, ∗∗ and ∗ depict significant at 1%, 5% and 10% level. Sup-Wald test statistics and the selected lag order (in square brackets) are presented.