Table 11 Results of panel causality test
From: COVID-19 pandemic and the exchange rate movements: evidence from six major COVID-19 hot spots
Null hypothesis | W-stat | Zabar-Stat | Prob |
|---|---|---|---|
LTD does not homogenously cause LEXC | 4.75204 | 3.27906 | 0.0010*** |
LEXC does not homogenously cause LTD | 3.32031 | 1.56053 | 0.1136 |