Cointegration test for the variables (remittances, inflation, imports)
| Cointegration Test – Engle-Granger | ||
| Specification: LNREM inflaion lnimports C | ||
| Cointegrating equation deterministics: C | ||
| Null hypothesis: Series are not cointegrated | ||
| Automatic lag specification (lag = 0 based on Schwarz Info Criterion, maxlag = 8) | ||
| Value | Prob.* | |
| Engle–Granger tau-statistic | −1.886675 | 0.7826 |
| Engle–Granger z-statistic | −6.989778 | 0.7684 |
| Cointegration Test – Engle-Granger | ||
| Specification: LNREM inflaion lnimports C | ||
| Cointegrating equation deterministics: C | ||
| Null hypothesis: Series are not cointegrated | ||
| Automatic lag specification (lag = 0 based on Schwarz Info Criterion, maxlag = 8) | ||
| Value | Prob.* | |
| Engle–Granger tau-statistic | −1.886675 | 0.7826 |
| Engle–Granger | −6.989778 | 0.7684 |
Note:
*MacKinnon (1996) p-values