Results of pairwise Granger causality
| Null hypothesis | F-statistic | p-value |
|---|---|---|
| House prices of mining towns do not Granger cause house prices of non-mining towns | 24.89 | 0.00*** |
| House prices of non-mining towns do not Granger cause house prices of mining towns | 1.40 | 0.24 |
| Null hypothesis | F-statistic | |
|---|---|---|
| House prices of mining towns do not Granger cause house prices of non-mining towns | 24.89 | 0.00 |
| House prices of non-mining towns do not Granger cause house prices of mining towns | 1.40 | 0.24 |
Notes:
House prices of mining and non-mining towns are stationary on level at the 10 and 5% significance level; ***denotes a rejection of the tested hypothesis at the 1% significance level; **is a rejection of the null hypothesis at 5% significance level and *is a rejection of the tested hypothesis at 10% significance level
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