Table 2 Johansen cointegration test... | Emerald Publishing

Table 2

Johansen cointegration test results

H0	Test stat	10% critical value	5% critical value	1% critical value
Farm-retail prices
r ≤ 1	2.83	7.52	9.24	12.97
r = 0	14.17	17.85	19.96	24.60
Farm-processing prices
r ≤ 1	1.71	7.52	9.24	12.97
r = 0	31.53***	17.85	19.96	24.60
Processing-retail prices
r ≤ 1	7.17	7.52	9.24	12.97
r = 0	34.37***	17.85	19.96	24.60

H0	Test stat	10% critical value	5% critical value	1% critical value
Farm-retail prices
r ≤ 1	2.83	7.52	9.24	12.97
r = 0	14.17	17.85	19.96	24.60
Farm-processing prices
r ≤ 1	1.71	7.52	9.24	12.97
r = 0	31.53***	17.85	19.96	24.60
Processing-retail prices
r ≤ 1	7.17	7.52	9.24	12.97
r = 0	34.37***	17.85	19.96	24.60

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

Source(s): Authors’ own work