Research Article
Influence of Exchange Rate on Foreign Direct Investment Inflows: An Empirical Analysis Based on Co-Integration and Granger Causality Test
| Lags: 2 |
| Null hypothesis | Obs | F-statistic | Prob. | lnUSDCNY does not Granger cause lnUSAFDI | 33 | 3.34533 | 0.0498 | lnUSAFDI does not Granger cause lnUSDCNY | 33 | 1.30270 | 0.2878 | lnWAGE does not Granger cause lnUSAFDI | 33 | 0.80538 | 0.4570 | lnUSAFDI does not Granger cause lnWAGE | 33 | 5.24916 | 0.0116 | lnGDPX does not Granger cause lnUSAFDI | 33 | 4.07879 | 0.0279 | lnUSAFDI does not Granger cause lnGDPX | 33 | 4.80375 | 0.0161 | lnFGDPX does not Granger cause lnUSAFDI | 33 | 0.67776 | 0.5159 | lnUSAFDI does not Granger cause lnFGDPX | 33 | 2.55569 | 0.0956 | lnBSGDP does not Granger cause lnUSAFDI | 33 | 0.34178 | 0.7134 | lnUSAFDI does not Granger cause lnBSGDP | 33 | 5.52530 | 0.0095 | lnTMX does not Granger cause lnUSAFDI | 33 | 0.34703 | 0.7098 | lnUSAFDI does not Granger cause lnTMX | 33 | 0.20909 | 0.8126 |
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