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Financial Innovation

Table 7 Results of Granger Causality

From: Nexus between foreign direct investment and economic growth in Bangladesh: an augmented autoregressive distributed lag bounds testing approach

Null Hypothesis

F-test

Probability

Decision

FDI does not Granger Cause GDP

2.0446

0.1431

Accepted

GDP does not Granger Cause FDI

3.0319*

0.0497

Rejected

  1. ‘*’ denote rejection of the null hypothesis at the 1%, 5%, and 10% level respectively
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