Dependent Variable: Y
Method: Least Squares
Sample: 1988 2009
Included observations: 22
Variable Coefficient Std. Error t-Statistic Prob.
C -14.99716 0.958864 -15.64056 0.0000
X1 0.598961 0.157185 3.810554 0.0012
X2 4.333847 0.725273 5.975467 0.0000
R-squared 0.987437 Mean dependent var 7.057318
Adjusted R-squared 0.986114 S.D. dependent var 1.475478
S.E. of regression 0.173868 Akaike info criterion -0.534917
Sum squared resid 0.574372 Schwarz criterion -0.386138
Log likelihood 8.884082 F-statistic 746.6630
Durbin-Watson stat 0.893982 Prob(F-statistic) 0.000000
Y = -14.99716259 + 0.5989607655*X1 + 4.333847136*X2
Pairwise Granger Causality Tests
Date: 03/16/11 Time: 22:01
Sample: 1988 2009
Lags: 2
Null Hypothesis: Obs F-Statistic Probability
X1 does not Granger Cause Y 20 1.94131 0.17792
Y does not Granger Cause X1 9.58076 0.00209
X2 does not Granger Cause Y 20 3.99397 0.04068
Y does not Granger Cause X2 0.54285 0.59208
X2 does not Granger Cause X1 20 4.28475 0.03373
X1 does not Granger Cause X2 6.98705 0.00717