Table 5 Granger causality test.

From: The dynamic effect of trading between China and Taiwan under exchange rate fluctuations

Null Hypothesis

F-Statistic

Prob.

\(\Delta IPI_t\) does not Granger cause\(\Delta ETM_{i,t}\)

15.6360

2.E-07***

\(\Delta ETM_{i,t}\) does not Granger cause\(\Delta IPI_t\)

3.07434

0.0463***

  1. Note: *, **, and*** indicate significance at the 10%, 5%, and 1% levels, respectively.
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