Table 35. Turkey. Tests for Granger causality (monthly data)

sample: Jan 1982 - May 2001

TKWHWS

TKWHWS(-1)

WRWHRP(-6)

TKWHRP

WRWHRP(-1)

WRWHRP(-2)

0.98

0.30

1.28

-0.39

sample: Jan 1982 - May 2001

TKWHPR

TKWHPR(-1)

TKWHRP

TKWHRP(-1)

WRWHRP(-2)

0.89

1.28

-0.37

12.11

17.29

-3.09

sample: Jan 1982 - May 2001

TKMZPR

TKMZPR(-1)

TKMZRP

WRMZRP(-1)

0.92

0.95

28.27

40.02

sample: Jan 1982 - May 2001

TKRIWS

TKRIWS(-1)

TKRIWS(-8)

WRRIRP(-1)

0.93

0.32

0.09

13.93

3.37

2.68

TKRIRP

TKRIWS(-1)

TKRIWS(-3)

WRRIRP(-1)

0.11

-0.18

0.95

2.07

-2.51

37.20

sample: Jan 1982 - May 2001

TKRIPR

TKRIPR(-1)

WRRIRP(-1)

TKRIRP

TKRIPR(-1)

WRRIRP(-1)

0.87

0.07

0.09

0.92

22.20

2.03

2.58

32.94

sample: Jan 1983 - May 2001

TKSYPR

TKSYPR(-1)

WRSYRP

WRSYRP(-1)

WRSYRP(-2)

0.69

1.30

-0.41

9.57

17.72

-3.40

sample: Jan 1982 - May 2001

TKSFWS

TKSFWS(-1)

WRSFRP(-1)

WRSFRP(-5)

TKSFRP

WRSFRP(-1)

WRSFRP(-2)

WRSFRP(-3)

0.93

0.14

0.26

1.31

-0.59

0.28

35.59

2.32

2.68

19.42

-5.32

2.40

sample: Jan 1982 - May 2001

TKWHWS

TKWHWS(-1)

TKWHPR(-1)

TKWHPR

TKWHPR(-1)

0.75

0.36

0.92

14.01

3.57

12.11

sample: Jan 1982 - May 2001

TKRIWS

TKRIWS(-1)

TKRIPR(-1)

TKRIPR

TKRIWS(-1)

TKRIWS(-8)

TKRIPR(-1)

0.83

0.16

0.15

0.15

0.82

10.58

2.82

2.09

2.12

15.52

sample: Jan 1982 - May 2001

TKRIRT

TKRIWS(-1)

TKRIRT(-1)

TKRIWS

TKRIWS(-1)

0.10

0.81

0.81

2.32

15.00

13.53

sample: Jan 1982 - May 2001

TKSYWS

TKSYWS(-1)

TKSYPR(-1)

TKSYPR

TKSYPR(-1)

0.93

0.09

0.79