Table 9 Granger causality test Null... | Emerald Publishing

Table 9

Granger causality test

Null hypothesis $(H_{0})$	Probability value	Result
D(INT) does not granger cause D(LJSE15)	0.0240*	Reject $H_{0}$
D(CPI) does not granger cause D(LJSE15)	0.4283	Accept $H_{0}$
D(EXR) does not granger cause D(LJSE15)	0.0398*	Reject $H_{0}$
D(LGDP) does not granger cause D(LJSE15)	0.5282	Accept $H_{0}$
D(LJSE15) does not granger cause D(INT)	0.4369	Accept $H_{0}$
D(LJSE15) does not granger cause D(CPI)	0.6343	Accept $H_{0}$
D(LJSE15) does not granger cause D(EXR)	0.0005*	Reject $H_{0}$
D(LJSE15) does not granger cause D(LGDP)	0.0104*	Reject $H_{0}$

Null hypothesis $(H_{0})$	Probability value	Result
D(INT) does not granger cause D(LJSE15)	0.0240*	Reject $H_{0}$
D(CPI) does not granger cause D(LJSE15)	0.4283	Accept $H_{0}$
D(EXR) does not granger cause D(LJSE15)	0.0398*	Reject $H_{0}$
D(LGDP) does not granger cause D(LJSE15)	0.5282	Accept $H_{0}$
D(LJSE15) does not granger cause D(INT)	0.4369	Accept $H_{0}$
D(LJSE15) does not granger cause D(CPI)	0.6343	Accept $H_{0}$
D(LJSE15) does not granger cause D(EXR)	0.0005*	Reject $H_{0}$
D(LJSE15) does not granger cause D(LGDP)	0.0104*	Reject $H_{0}$

Note(s): Probability values with * indicate that the variable is statistically significant at 5% level

Source(s): Authors' computation