From: The impact of macroeconomic factors on food price inflation: an evidence from India
Dependent variable | Direction of causality | |||||||
---|---|---|---|---|---|---|---|---|
Short-run F-statistics (p-values) | Long-run [t-statistics] | |||||||
\(\Delta lnFP\) | \(\Delta lnY\) | \(\Delta lnMS\) | \(\Delta lnEX\) | \(\Delta lnGF\) | \(\Delta lnNFG\) | \(\Delta lnAW\) | \({ECM}_{T}(-1)\) | |
\(\Delta lnFP\) | Â | 12.987*** (0.000) | 0.337 (0.562) | 25.481*** (0.000) | 3.583* (0.060) | 3.272* (0.070) | 1.748 (0.188) | 0.124 [0.353] |
\(\Delta lnY\) | 11.232*** (0.000) |  | 0.902 (0.343) | 1.603 (0.204) | 2.807* (0.063) | 0.438 (0.509) | 1.182 (0.278) | 2.85E−15 [3.637] |
\(\Delta lnMS\) | 21.511*** (0.000) | 0.195 (0.659) |  | 24.566*** (0.000) | 14.172*** (0.000) | 9.510** (0.002) | 2.942* (0.088) | −2.23E−15*** [−3.478] |
\(\Delta lnEX\) | 14.696*** (0.000) | 0.292 (0.589) | 1.204 (0.302) |  | 0.092 (0.761) | 1.670 (0.198) | 1.843 (0.162) | 3.80E−15 [4.511] |
\(\Delta lnGF\) | 1.926 (0.1673) | 28.554*** (0.000) | 0.316 (0.574) | 4.444** (0.036) |  | 0.545 (0.461) | 1.847 (0.176) | −2.52E−15 *** [−2.967] |
\(\Delta lnNFG\) | 17.869*** (0.000) | 16.223*** (0.000) | 6.564*** (0.011) | 9.512*** (0.002) | 11.371*** (0.001) |  | 0.073 (0.786) | −7.07E−16*** [−2.467] |
\(\Delta lnAW\) | 16.200*** (0.000) | 35.767*** (0.000) | 8.100*** (0.005) | 5.073** (0.025) | 3.852** (0.051) | 29.711*** (0.000) |  | −1.42E−15 [1.135] |