Table 6

Findings of panel frequency causality model

Null hypothesisw = 0.5w = 1.5w = 2.5Critical value
LGDP% ≠ LRSUI0.015*0.012*0.013*0.009
LRSUI ≠ LGDP%0.007*0.023*0.008*0.005

Note(s): *Shows significant at the 1% level

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