Table 4 Cointegration rank test... | Emerald Publishing

Table 4

Cointegration rank test

Unrestricted cointegration rank test (Trace)
Hypothesized	Eigenvalue	Trace	0.05	Prob.**
No. of CE(s)	Eigenvalue	Statistic	Critical value	Prob.**
None	0.046151	8.157563	15.49471	0.4487
At most 1	0.001891	0.314141	3.841466	0.5751

Unrestricted cointegration rank test (maximum eigenvalue)
Hypothesized	Eigenvalue	Max-eigen	0.05	Prob.**
No. of CE(s)	Eigenvalue	Statistic	Critical value	Prob.**
None	0.046151	7.843421	14.26460	0.3948
At most 1	0.001891	0.314141	3.841466	0.5751

Unrestricted cointegration rank test (maximum eigenvalue)
Hypothesized	Eigenvalue	Max-eigen	0.05	Prob.**
No. of CE(s)	Eigenvalue	Statistic	Critical value	Prob.**
None	0.046151	7.843421	14.26460	0.3948
At most 1	0.001891	0.314141	3.841466	0.5751

Note(s): Trace test indicates no cointegration at the 0.05 level

Max-eigenvalue test indicates no cointegration at the 0.05 level

Source(s): Calculated by author's using Eviews