Research Article
Evaluation of Hot Money Drivers in China: A Structural VAR Approach
| Null hypothesis | F statistics | P value |
| HM does not Granger cause p | 6.210 | 0.013 | p does not Granger cause HM | 3.451 | 0.063 | HM does not Granger cause Y | 9.594 | 0.002 | Y does not Granger cause HM | 7.421 | 0.006 | HM does not Granger cause DAR | 0.160 | 0.689 | DAR does not Granger cause HM | 0.988 | 0.320 | HM does not Granger cause EER | 0.577 | 0.448 | EER does not Granger cause HM | 0.824 | 0.364 |
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