Table 5.
Granger causality tests.
| Excluded | Chi-square | df | Prob. |
|---|---|---|---|
| LnRE | 0.8974 | 1.05 | 0.433 |
| LnFD | 15.357 | 1.05 | 0.000 |
| lnEQ | 14.998 | 1.05 | 0.000 |
| lnCO2 | 10.066 | 1.05 | 0.003 |
| lnROP | 14.967 | 1.05 | 0.000 |
| lnTO | 3.0002 | 1.05 | 0.279 |
| lnBI | 3.6523 | 1.05 | 0.089 |
| All | 60.747 | 9.45 | 0.000 |
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