| Dep.Var. | y | find | remmit |
---|
Indep. Var. | chi-square | p-val | Chi-square | p-val | Chi-square | p-val |
---|
y |  | – | – | 0.7494 | 0.29 | 6.1392 | 0.04** |
find | 10.6057 | 0.00*** | – | – | 1.4081 | 0.32 |
remmit | 1.4462 | 0.49 | 2.472 | 0.69 | – | – |
- *** and ** signifies 0.01 and 0.05% significance level and optimal lag length of 1 that satisfies Schwarz criterion was used. See Appendix for the Diagnostic tests of the panel VAR lag selection criteria, the panel VAR causality lag correlation and the Panel VAR lag selection stability test