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Table 13 VAR Granger Causality/Block Exogeneity Wald Test

From: Remittances, financial development and economic growth in sub-Saharan African countries: evidence from a PMG-ARDL approach

 

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

–

–

  1. *** 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