Table 3 VAR granger causality/block exogeneity Wald tests, 1976Q3–2018Q3
| Â | Chi-sq. | Prob. |
|---|---|---|
Dependent variable: RMG | ||
Excluded | ||
IL | 23.64874 | 0.0000 |
YG | 6.731453 | 0.0345 |
INF | 0.210304 | 0.9002 |
REER | 5.494405 | 0.0641 |
All | 53.17393 | 0.0000 |
Dependent variable: IL | ||
Excluded | ||
RMG | 26.91932 | 0.0000 |
YG | 12.40613 | 0.0020 |
INF | 2.752130 | 0.2526 |
REER | 2.737233 | 0.3053 |
All | 40.19516 | 0.0000 |
Dependent variable: YG | ||
Excluded | ||
RMG | 12.79512 | 0.0017 |
IL | 5.015600 | 0.0814 |
INF | 7.016553 | 0.0299 |
REER | 8.200706 | 0.0166 |
All | 33.02824 | 0.0001 |
Dependent variable: INF | ||
Excluded | ||
RMG | 10.51591 | 0.0052 |
IL | 1.702294 | 0.4269 |
YG | 3.771470 | 0.1517 |
REER | 9.321947 | 0.0095 |
All | 27.74591 | 0.0005 |
Dependent variable: REER | ||
Excluded | ||
RMG | 5.837611 | 0.0540 |
IL | 1.652028 | 0.4378 |
YG | 0.054130 | 0.9733 |
INF | 0.845982 | 0.6551 |
All | 10.26243 | 0.2471 |