Targeted dependent variable iq1t (of Estimation 7) | Targeted dependent variable iq2t (of Estimation 8) | ||||||
---|---|---|---|---|---|---|---|
Parameters | Estimates | t-values | Prob. | Parameters | Estimates | t-values | Prob. |
α1 | 0.127 | 0.816 | 0.42 | α3 | 0.257 | 1.220 | 0.23 |
iq1t − 1 | 0.891 | 12.517 | 0.00 | iq2t − 1 | 0.814 | 9.041 | 0.00 |
M2qt − 1 | 2.205 | 3.299 | 0.00 | M2qt − 1 | 3.269 | 2.562 | 0.01 |
Yqt − 1 | 0.722 | 1.902 | 0.06 | Yqt − 1 | 1.071 | 1.465 | 0.15 |
Eqt − 1 | 1.399 | 2.759 | 0.01 | Eqt − 1 | 2.066 | 2.118 | 0.04 |
R2 = 0.871, \( {\overline{\mathrm{R}}}^2 \) = 0.850, F-statistic = 40.77 | R2 = 0.793, \( {\overline{\mathrm{R}}}^2 \) = 0.759, F-statistic = 23.11 | ||||||
Wald test for Granger causality Dependent Variable: iq1t | Wald test for Granger causality Dependent Variable: iq2t | ||||||
Excluded | Wald test statistic (χ 2) | prob. | Excluded | Wald test statistic (χ 2) | prob. | ||
M2qt | 10.89 | 0.00 | M2qt | 6.564 | 0.01 | ||
Yqt | 3.617 | 0.05 | Yqt | 2.149 | 0.14 | ||
Eqt | 7.614 | 0.00 | Eqt | 4.489 | 0.03 | ||
All: | 17.73 | 0.00 | All: | 10.79 | 0.01 |