Table 2

Granger causality test results

EquationExcludedχ2dfProb > χ2
D_unemploymentD.growth_credits24.56520.000
D_unemploymentD.growth_fdi18.24220.000
D_unemploymentALL24.86540.000
D_growth_creditsD.unemployment10.77920.005
D_growth_creditsD.growth_fdi7.912420.019
D_growth_creditsALL23.79840.000
D_growth_fdiD.unemployment3.506320.173
D_growth_fdiD.growth_credits18.44420.000
D_growth_fdiALL22.92140.000

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