Table 9 Granger causality test.
Equation | Excluded | Upper | Middle | Lower | |||
---|---|---|---|---|---|---|---|
Chi2 | Prob | Chi2 | Prob | Chi2 | Prob | ||
H_TFP | H_TECH | 0.1674 | 0.920 | 2.1343 | 0.344 | 9.6355 | 0.022** |
H_TFP | H_EFF | 0.1586 | 0.924 | 0.8983 | 0.638 | 6.5641 | 0.087* |
H_TECH | H_TFP | 0.4014 | 0.818 | 7.8278 | 0.020** | 9.1069 | 0.028** |
H_TECH | H_EFF | 0.4589 | 0.795 | 8.6266 | 0.013** | 8.4286 | 0.038** |
H_EFF | H_TFP | 0.2950 | 0.863 | 3.3470 | 0.188 | 9.6899 | 0.021** |
H_EFF | H_TECH | 0.3031 | 0.859 | 4.6738 | 0.097** | 10.584 | 0.014** |