From: Asymmetric evidence of foreign direct investment response to stock returns in Nigeria
Null hypothesis: | Obs | F-Statistic | Prob |
---|---|---|---|
LNGDP does not Granger Cause LNFDI | 394 | 1.6925 | 0.1854 |
LNFDI does not Granger Cause LNGDP | 1.0658 | 0.3454 | Â |
LNEXR does not Granger Cause LNFDI | 394 | 2.6411 | 0.0726* |
LNFDI does not Granger Cause LNEXR | 0.9589 | 0.3843 | Â |
Positive Stock Returns does not Granger Cause LNFDI | 393 | 0.1956 | 0.8224 |
LNFDI does not Granger Cause Positive Stock Returns | 1.1158 | 0.3287 | Â |
Negative Stock Returns does not Granger Cause LNFDI | 393 | 0.1167 | 0.8899 |
LNFDI does not Granger Cause Negative Stock Returns | 7.4771 | 0.0007*** | Â |
LNEXR does not Granger Cause LNGDP | 394 | 13.0592 | 0.0003*** |
LNGDP does not Granger Cause LNEXR | 1.3371 | 0.2638 | Â |
Positive Stock Returns does not Granger Cause LNGDP | 393 | 2.8152 | 0.0611* |
LNGDP does not Granger Cause Positive Stock Returns | 1.3481 | 0.2609 | Â |
Negative Stock Returns does not Granger Cause LNGDP | 393 | 2.3928 | 0.0927* |
LNGDP does not Granger Cause Negative Stock Returns | 11.8787 | 0.0001*** | Â |
Positive Stock Returns does not Granger Cause LNEXR | 393 | 0.5174 | 0.5965 |
LNEXR does not Granger Cause Positive Stock Returns | 0.9179 | 0.4002 | Â |
Negative Stock Returns does not Granger Cause LNEXR | 393 | 0.5507 | 0.5770 |
LNEXR does not Granger Cause Negative Stock Returns | 7.4843 | 0.0006*** | Â |