Table V

Granger causality between FDI and its determinants

Null HypothesisF-statisticProbability
INF does not Granger cause FDI5.043500.00019**
FDI does not Granger cause INF0.963980.44467
INT does not Granger cause FDI4.865800.00027**
FDI does not Granger cause INT0.892910.48974
LNEXR does not Granger cause FDI2.299200.05211*
FDI does not Granger cause LNEXR1.689410.14605
LNGDP does not Granger cause FDI4.148040.00025**
FDI does not Granger cause LNGDP1.114170.35915
LNECP does not Granger cause FDI3.172490.00279**
FDI does not Granger cause LNECP3.429630.00146**
TU does not Granger cause FDI3.644590.02993**
FDI does not Granger cause TU5.310350.00655**

Notes: *,**Denote rejection of null hypothesis at 10 and 5 percent levels of significance, respectively

Source: Conducted using Eviews 9.0 package

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