Table 3.
Linear Granger causality test.
| Country | f-stats | p-value |
|---|---|---|
| Overall spillover | 0.65617 | 0.5193 |
| Net spillover for BTC | 1.10651 | 0.3316 |
| Net spillover for ETH | 1.45721 | 0.234 |
| Net spillover for LTC | 0.28978 | 0.7486 |
| Net spillover for XRP | 0.39503 | 0.6739 |
| Net spillover for XLM | 1.8179 | 0.1636 |
| Net spillover for BNB | 2.8156 | 0.0609 |
| Net spillover for ADA | 0.4007 | 0.6701 |
| Net spillover for LINK | 0.8227 | 0.4399 |
Note: The table reports the F-statistic and prob. value for the no Granger causality restrictions imposed on a linear model under the null hypotheses H0. Source: Authors' Estimations.