Table 6.
Granger block exogeneity results
| Excluded | Chi square | df | Prob |
|---|---|---|---|
| Dependent variable: RGDP | |||
| LNFDI | 5.522** | 1 | 0.0188 |
| LNIND | 0.498 | 1 | 0.4806 |
| LNCOAL | 3.623** | 1 | 0.0570 |
| LNTNR | 16.479*** | 1 | 0.0000 |
| All | 68.697*** | 4 | 0.0000 |
| Dependent variable: LNFDI | |||
| LNGDP | 0.5782 | 1 | 0.4470 |
| LNIND | 0.809 | 1 | 0.3682 |
| LNCOAL | 5.763** | 1 | 0.0164 |
| LNTNR | 4.532** | 1 | 0.0333 |
| All | 17.955*** | 4 | 0.0013 |
| Dependent variable: LNIND | |||
| LNGDP | 0.831 | 1 | 0.3619 |
| LNFDI | 4.470** | 1 | 0.0345 |
| LNCOAL | 0.375 | 1 | 0.5402 |
| LNTNR | 13.188*** | 1 | 0.0003 |
| All | 48.829*** | 4 | 0.0000 |
| Dependent variable: LNCOAL | |||
| LNGDP | 1.398 | 1 | 0.2370 |
| LNFDI | 9.364*** | 1 | 0.0022 |
| LNIND | 4.334** | 1 | 0.0374 |
| LNTNR | 3.394** | 1 | 0.0654 |
| All | 292.542*** | 4 | 0.0000 |
| Dependent variable: LNTNR | |||
| LNGDP | 1.516 | 1 | 0.2183 |
| LNFDI | 4.374** | 1 | 0.0365 |
| LNIND | 0.896 | 1 | 0.3438 |
| LNCOAL | 0.053 | 1 | 0.8176 |
| All | 145.396*** | 4 | 0.0000 |
***Significance at 0.01
**Significance at 0.05