Financial Innovation

Table 6 The GCQ Results

From: Asymmetric relationship between global and national factors and domestic food prices: evidence from Turkey with novel nonlinear approaches

Causality path	Quantiles
	0.05	0.10	0.15	0.20	0.25	0.30	0.35	0.40	0.45	0.50	0.55	0.60	0.65	0.70	0.75	0.80	0.85	0.90	0.95
UNCERT FOOD	0.17	0.01	0.01	0.01	0.01	0.01	0.09	0.02	0.22	0.60	0.05	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.29
VIX FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.10	0.01	0.28	0.67	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.29
OIL FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.13	0.01	0.32	0.64	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
RAW FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.09	0.01	0.26	0.66	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
FERTILIZER FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.11	0.01	0.26	0.67	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
TEMPERATURE FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.11	0.01	0.25	0.70	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
USD/TRY FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.10	0.01	0.26	0.66	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
INTEREST FOOD	0.28	0.01	0.01	0.01	0.01	0.01	0.10	0.01	0.26	0.66	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28
CDS FOOD	0.30	0.01	0.01	0.01	0.01	0.01	0.12	0.01	0.31	0.77	0.07	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.28

Numbers represent the p-values. The null hypothesis is that the first (explanatory) variable does not granger cause the second (domestic food prices) variable

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