Research Article
Influence of Exchange Rate on Foreign Direct Investment Inflows: An Empirical Analysis Based on Co-Integration and Granger Causality Test
| | Lags:4 |
| | Null hypothesis | Obs | F-statistic | Prob. | | lnUSDCNY does not Granger cause lnUSAFDI | 31 | 4.04016 | 0.0132 | | lnUSAFDI does not Granger cause lnUSDCNY | 31 | 0.58875 | 0.6742 | | lnBSGDP does not Granger cause lnUSAFDI | 31 | 0.53685 | 0.7102 | | lnUSAFDI does not Granger cause lnBSGDP | 31 | 5.92156 | 0.0022 | | lnTMX does not Granger cause lnUSAFDI | 31 | 0.80655 | 0.5342 | | lnUSAFDI does not Granger cause lnTMX | 31 | 1.06328 | 0.3981 |
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