Null Hypothesis:

Obs

F-Statistic

Prob.

ln(RFIR) does not Granger Cause ln(CCJ)

18

5.3070

0.0206

ln(CCJ) does not Granger Cause ln(RFIR)

18

0.8504

0.4496

ln(CDLR) does not Granger Cause ln(CCJ)

18

4.4118

0.0344

ln(CCJ) does not Granger Cause ln(CDLR)

18

0.2378

0.7916