Table 7 Summary of Short-run causality
Causality | Bangladesh | India | Pakistan | Sri Lanka |
|---|---|---|---|---|
Y VS FI | Y ←→ FI | Y ←→ FI | Y ←→ FI | Y ←→ FI |
Y VS TO | Y → TO | Y ← TO | Y → TO | |
Y vs GCF | Y ← GCF | Y → GCF | Y ← GCF | Y ←→ GCF |
Y vs. DCP | Y ← DCP | Y → DCP | ||
FI VS TO | FI → TO | FI ← TO | ||
FI vs GCF | FI ←→ GCF | FI → GCF | FI ←→ GCF | FI → GCF |
FI vs. DCP | FI → DCP | FI ← DCP | ||
TO vs GCF | TO → GCF | TO ← GCF | TO → GCF | TO ← GCF |
TO vs. DCP | TO → DCP | |||
GCF vs. DCP | GCF → DCP | GCF → DCP |