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

Table 8 Granger causality test results

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

 Short runLong run
lnk1∆lnk2∆lnLA0A1A2A3AECTt−1
∆lnQ0.193 (0.000)***0.324 (0.000)***0.349 (0.000)***0.181 (0.039)**− 0.227 (0.000)***
∆lnQ0.191 (0.000)***0.325 (0.000)***0.354 (0.000)***− 0.003 (0.992)− 0.228 (0.000)***
∆lnQ0.191 (0.000)***0.325 (0.000)***0.355 (0.000)***− 0.666 (0.288)− 0.228 (0.000)***
∆lnQ0.191 (0.000)***0.325 (0.000)***0.354 (0.000)***− 0.084 (0.7033)− 0.228 (0.000)***
∆lnQ0.191 (0.000)***0.325 (0.000)***0.354 (0.000)***    0.059 (0.4442)− 0.227 (0.000)***
  1. ***, ** Significance at the 1 and 5% levels, respectively