Table 11 Causality test (Hurlin and Dumitrescu).

From: Financial technology and banking performance in developing countries: evidence from an advanced quantile regression approach

Ho

Wald - Stats

Z-Stats

p-values

B P Ï• FT

2.749b

2.152

0.031

FT Ï• BP

4.461a

7.068

0.000

B P Ï• EG

2.092a

4.434

0.000

EG Ï• BP

3.134a

3.258

0.001

B P Ï• FTEG

2.776b

2.229

0.026

FTEG Ï• B P

2.021a

4.149

0.000

B P Ï• CAD

3.509a

10.193

0.000

CAD Ï• B P

2.747b

2.147

0.032

B P Ï• ING

4.068a

5.939

0.000

ING Ï• BP

1.825a

3.351

0.001

B P Ï• GDP

6.312a

12.386

0.000

GDP Ï• B P

1.855a

3.474

0.001

  1. Source: The coefficient is significant at 1%a and 5%b.
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