Table 8 Granger Causality Tests
From: Do migrant remittances matter for financial development in Kenya?
Causality from remittances to financial development and inclusion indicators | F-Statistic | Probability | Causality from financial development and inclusion indicators to remittances | F-Statistic | Probability |
|---|---|---|---|---|---|
Credit to the private sector as a share of GDP | 3.90 | 0.028** | Credit to the private sector as a share of GDP | 0.75 | 0.475 |
Number of bank accounts | 2.56 | 0.089* | Number of bank accounts | 0.95 | 0.394 |
Number of mobile transactions | 5.13 | 0.011*** | Number of mobile transactions | 7.14 | 0.002*** |
Value of mobile transactions | 3.89 | 0.030** | Value of mobile transactions | 0.63 | 0.537 |
Number of mobile agents | 0.85 | 0.433 | Number of mobile agents | 1.80 | 0.180 |