Table A1 Enders-Siklos test results for... | Emerald Publishing

Table A1

Enders-Siklos test results for nonlinear cointegration

Coefficients	Estimate	Std. error	t	p-value
Panel A: farm ∼ processing
Φ_low	−0.118	0.052	−2.247	0.026*
Φ_high	−0.163	0.052	−3.089	0.002**
ΔΦ	0.045	0.071	0.638	0.523
H0	p-value
Φ_low = Φ_high	0.535
Panel B: retail ∼ processing
Φ_low	−0.297	0.077	−3.831	<0.001***
Φ_high	−0.394	0.085	−4.596	<0.001***
ΔΦ	−0.112	0.069	−1.601	0.110
H0	p-value
Φ_low = Φ_high	0.373
Panel C: farm ∼ retail
Φ_low	−0.123	0.049	−2.486	0.013*
Φ_high	−0.141	0.048	−2.916	0.003**
ΔΦ	0.107	0.070	1.533	0.126
H0	p-value
Φ_low = Φ_high	0.791

Coefficients	Estimate	Std. error	t	p-value
Panel A: farm ∼ processing
Φ_low	−0.118	0.052	−2.247	0.026*
Φ_high	−0.163	0.052	−3.089	0.002**
ΔΦ	0.045	0.071	0.638	0.523
H0	p-value
Φ_low = Φ_high	0.535
Panel B: retail ∼ processing
Φ_low	−0.297	0.077	−3.831	<0.001***
Φ_high	−0.394	0.085	−4.596	<0.001***
ΔΦ	−0.112	0.069	−1.601	0.110
H0	p-value
Φ_low = Φ_high	0.373
Panel C: farm ∼ retail
Φ_low	−0.123	0.049	−2.486	0.013*
Φ_high	−0.141	0.048	−2.916	0.003**
ΔΦ	0.107	0.070	1.533	0.126
H0	p-value
Φ_low = Φ_high	0.791

Note(s): Asterisks denote significance at 10% (*), 5% (**), and 1% (***) levels

Source(s): Authors’ own work