Granger causality and VEC (interpretation of the results)
Posted: Sat Mar 05, 2011 8:39 am
Hi,
I am having a bit of trouble interpreting the results that Eviews has come up with after testing for granger causality using a VEC model. I think I have managed it but would greatly appreciate any help with the interpretation. Basic I know!; My results are below
VEC Granger Causality/Block Exogeneity Wald Tests
Sample: 1984 2009
Included observations: 23
Dependent variable: D(LNPOL)
Excluded Chi-sq df Prob.
D(LNM3) 2.989163 2 0.2243
D(LNGDP) 1.294894 2 0.5234
All 4.206173 4 0.3788
Dependent variable: D(LNM3)
Excluded Chi-sq df Prob.
D(LNPOL) 5.160872 2 0.0757
D(LNGDP) 1.190992 2 0.5513
All 5.327319 4 0.2553
Dependent variable: D(LNGDP)
Excluded Chi-sq df Prob.
D(LNPOL) 0.258544 2 0.8787
D(LNM3) 0.090955 2 0.9555
All 2.246038 4 0.6906
Many thanks
I am having a bit of trouble interpreting the results that Eviews has come up with after testing for granger causality using a VEC model. I think I have managed it but would greatly appreciate any help with the interpretation. Basic I know!; My results are below
VEC Granger Causality/Block Exogeneity Wald Tests
Sample: 1984 2009
Included observations: 23
Dependent variable: D(LNPOL)
Excluded Chi-sq df Prob.
D(LNM3) 2.989163 2 0.2243
D(LNGDP) 1.294894 2 0.5234
All 4.206173 4 0.3788
Dependent variable: D(LNM3)
Excluded Chi-sq df Prob.
D(LNPOL) 5.160872 2 0.0757
D(LNGDP) 1.190992 2 0.5513
All 5.327319 4 0.2553
Dependent variable: D(LNGDP)
Excluded Chi-sq df Prob.
D(LNPOL) 0.258544 2 0.8787
D(LNM3) 0.090955 2 0.9555
All 2.246038 4 0.6906
Many thanks