Research Article
Influence of Exchange Rate on Foreign Direct Investment Inflows: An Empirical Analysis Based on Co-Integration and Granger Causality Test
| Hypothesized no. of CE(s) | Eigenvalue | Trace statistic | 0.05 critical value | Prob. |
| None | 0.843686 | 108.8294 | 47.85613 | ≤0.001 | Most1 | 0.609719 | 53.15263 | 28.79707 | ≤0.001 | Most2 | 0.497958 | 24.92598 | 15.49471 | 0.0014 | Most3 | 0.132200 | 4.253827 | 3.841466 | 0.0392 |
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