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Table 13 Short run causality from FD to REM: Wald Test

From: Do remittances promote financial development in Africa?

Dependent variable Remittances
CRD (1–4 lags) BDP (1–4 lags) M2 (1–4 lags)
F-statistic 0.1774 0.1604 0.2746
Prob 0.9500 0.9583 0.8944
chi 2 0.7098 0.6415 1.0983
Prob > chi 2 0.9501 0.9583 0.8945