|
| Fixed coefficient |
| Lag order | Null hypothesis | W-stat. | Zbar-stat. | Prob. |
|
| 1 | CA does not Granger cause F | | 25.5178 | 5.00E − 07 |
| F does not Granger cause CA | | 18.3578 | 0.00002 |
| 2 | CA does not Granger cause F | | 11.5310 | 0.00001 |
| F does not Granger cause CA | | 9.32977 | 0.0001 |
| 3 | CA does not Granger cause F | | 7.09366 | 0.0001 |
| F does not Granger cause CA | | 6.35504 | 0.0003 |
| 4 | CA does not Granger cause F | | 4.54826 | 0.0012 |
| F does not Granger cause CA | | 4.82955 | 0.0007 |
| 5 | CA does not Granger cause F | | 4.10409 | 0.0011 |
| F does not Granger cause CA | | 4.03856 | 0.0013 |
| 6 | CA does not Granger cause F | | 3.91646 | 0.0007 |
| F does not Granger cause CA | | 3.70241 | 0.0012 |
|
| Unfixed coefficient |
| Lag order | Null hypothesis | W‐stat. | Zbar-stat. | Prob. |
|
| 1 | CA does not homogeneously cause F | 1.49194 | 1.44778 | 0.1477 |
| F does not homogeneously cause CA | 2.21510 | 4.08701 | 0.00004 |
| 2 | CA does not homogeneously cause F | 2.78540 | 1.37882 | 0.168 |
| F does not homogeneously cause CA | 3.28474 | 2.60133 | 0.0093 |
| 3 | CA does not homogeneously cause F | 3.99853 | 1.11452 | 0.2651 |
| F does not homogeneously cause CA | 4.13998 | 1.37792 | 0.1682 |
| 4 | CA does not homogeneously cause F | 5.74697 | 1.57432 | 0.1154 |
| F does not homogeneously cause CA | 5.89868 | 1.79541 | 0.0726 |
| 5 | CA does not homogeneously cause F | 7.10803 | 1.10941 | 0.2673 |
| F does not homogeneously cause CA | 7.01405 | 1.00483 | 0.315 |
| 6 | CA does not homogeneously cause F | 9.01583 | 0.77239 | 0.4399 |
| F does not homogeneously cause CA | 9.12442 | 0.85495 | 0.3926 |
|
