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Financial Innovation

Table 6 Short run Causality

From: Causality between bank’s major activities and economic growth: evidences from Pakistan

Causality

Wald test chi square value

P-value

D(LnBank’s Credit(−1))b

1.2353

0.5392

D(LnGDP(−1))a

8.1070

0.0174

  1. aLM Test = 0.5496 (Prob of chi-square), Heteroskedasticity test = 0.23 (prob of chi square), Jarque-Bera stat = 1.42 (0.49 prob)
  2. bLM Test = 0.2067 (Prob of chi-square), Heteroskedasticity test = 0.3354 (prob of chi square), Jarque-Bera stat = 2.04 (0.35 prob)
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