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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
  1. *, ** and *** is the standard way of showing significance at 10%; 5% and 1%, respectively