Research Article
Determinants of Human Capital Development in Ethiopia: Implications to Education Policy
Table 8
:The pairwise Granger causality results.
| | Null hypothesis | Obs | F-statistic | Prob. |
| | LOGGDPPC does not Granger cause LOGSCHOOL | 37 | 7.11847 | 0.0116 | | LOGSCHOOL does not Granger cause LOGGDPPC | 8.62859 | 0.0059 |
| | LOGCPI does not Granger cause LOGSCHOOL | 37 | 0.00024 | 0.9877 | | LOGSCHOOL does not Granger cause LOGCPI | 5.11529 | 0.0302 |
| | OPENESS does not Granger cause LOGSCHOOL | 37 | 36.2665 | 8.E − 07 | | LOGSCHOOL does not Granger cause OPENESS | 0.17387 | 0.6793 |
| | EDUEXPGOV does not Granger cause LOGSCHOOL | 37 | 3.48501 | 0.0431 | | LOGSCHOOL does not Granger cause EDUEXPGOV | 3.06471 | 0.0610 |
| | LOGK_L_RATIO does not Granger cause LOGSCHOOL | 37 | 8.18041 | 0.0072 | | LOGSCHOOL does not Granger cause LOGK_L_RATIO | 69.9190 | 9.E − 10 |
| | POLICY does not Granger cause LOGSCHOOL | 37 | 68.5474 | 1.E − 09 | | LOGSCHOOL does not Granger cause POLICY | 0.42279 | 0.5199 |
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