Table 6.

Homogeneous causality between capital stock and transportation.

	Eqns.	HINC	HC
Causality from capital stock to freight	(1)	14.189***	13.174***
Causality from freight to capital stock	(2)	11.711***	9.424***
Causality from capital stock to passenger	(1)	15.529***	12.993***
Causality from passenger to capital stock	(2)	6.262***	3.488***

Note: HINC, Homogenous and Instantaneous Non-Causality hypothesis; HC, Homogenous Causality hypothesis. ***, ** and * Reject H₀ at 1%, 5% and 10% levels of significance, respectively.