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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 7 Panel pairwise granger causality tests

From: Causal effect of mergers and acquisitions on EU bank productivity

Null HypothesisObsF-StatisticProb.
lnK1 does not Granger Cause lnQ109923.60699. E−11***
lnQ does not Granger Cause lnK14.926140.0074** 
lnK2 does not Granger Cause lnQ109919.49105. E−09***
lnQ does not Granger Cause lnK28.626010.0002*** 
lnL does not Granger Cause lnQ109910.99732. E−05***
lnQ does not Granger Cause lnL4.737640.0089** 
lnK2 does not Granger Cause lnK110990.883500.4136
lnK1 does not Granger Cause lnK28.666420.0002*** 
lnL does not Granger Cause lnK110993.598000.0277**
lnK1 does not Granger Cause lnL15.51652. E−07*** 
lnL does not Granger Cause lnK210991.294410.2745
lnK2 does not Granger Cause lnL1.963370.1409 
  1. ***, ** Significance at the 1 and 5% levels, respectively