Table 11 Granger causality/block exogeneity Wald tests.
From: The influence of changes in income, oil, and the interest rate on the Saudi Arabian stock market
Direction of Causality | |||||
|---|---|---|---|---|---|
Variables | TASI | IN | Oil | R | |
TASI | – | 3.50905** | 2.35330 | 1.16782 | TASI → IN |
IN | 0.63133 | – | 0.33705 | 1.56098 | |
Oil | 0.17507 | 0.50429 | – | 1.55588 | |
R | 0.40450 | 4.16360** | 3.86156** | – | R → IN R → Oil |
