Results of Johansen cointegration test (maximum Eigen statistics)
| H0 | H1 | Maximum Eigen statistics | 5% critical value | Probability* |
|---|---|---|---|---|
| r = 0 | r = 1 | 17.96226 | 14.26460 | 0.0124 |
| r ≤ 1 | r = 2 | 0.001996 | 3.841466 | 0.5730 |
| Maximum Eigen statistics | 5% critical value | Probability* | ||
|---|---|---|---|---|
| 17.96226 | 14.26460 | 0.0124 | ||
| 0.001996 | 3.841466 | 0.5730 |
Note:
* MacKinnon-Haug-Michelis (1999) p-values
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